Prestariang continued climbing and touched the RM0.72 resistance level. With its RSI indicator pointing upwards, coupled with a higher low candle stick pattern, there is a good chance it will break out and head towards the shortterm target price of RM0.79, followed by RM0.835. The downside support is marked at RM0.65. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy near RM0.72

Target: RM0.79, RM0.835 (time frame: 2-4 weeks)

Exit: RM0.65

Source: AmInvest Research - 8 Dec 2020