public packages holdings

Stock On Radar: Public Packages Holdings

Kazi Mahmood

Jan 6, 2022 • 1 min read

Public Packages Holdings (8273) is moving sideways, testing the RM0.785 resistance level.

“With its RSI indicator in an uptrend, coupled with a higher trading volume, we see the possibility for a technical breakout.

“If this happens, we expect it to move towards the short-term target prices of RM0.82 and RM0.835. The downside support is projected at RM0.74. Traders are advised to exit on a breach to avoid further losses,” says AmBank Research.

Trading Call: Buy on breakout RM0.785

Target: RM0.82, RM0.835 (time frame: 2-4 weeks)

Exit: RM0.74

Public Packages Sdn Bhd was incorporated in 1976 as a packaging supplier. The company offers include providing creative services in visual and structural development, support in supply chain management and also total packaging concepts.

The company product range includes various types of Cartons, Protective Packaging, Point-of-Purchase (POP) Displays, Storage Boxes, Offset Boxes, PE & PU Foam, In Store Dressing and more.

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