PT Resources broke out from its 2-week bullish flag pattern a few sessions ago, implying that its previous uptrend may have resumed. As the stock has surged to a 4-month high, the near-term uptrend may still have legs. A bullish bias may emerge above the RM0.55 level, with stop-loss set at RM0.49, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM0.65, followed by RM0.68.

Entry : RM0.55–0.57

Target : RM0.65, RM0.68

Exit : RM0.49

Source: AmInvest Research - 14 Jul 2023