Prestariang may soon move higher to test the RM0.325 resistance level. Notice that the trading volume is rising indicating momentum is building up while it is consolidating sideways.If it breaks out above the resistance, we foresee that it may move towards the short-term target prices of RM0.355 followed by RM0.385. In this case, the downside support is marked at RM0.285, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.325

Target: RM0.355, RM0.385 (time frame: 2-4 weeks)

Exit: RM0.285

Source: AmInvest Research - 21 May 2020