Prestar Resources may rise higher after it formed a long white candle and hit a new 52-week high 2 sessions ago. In view that the 20-day and 50-day EMAs are starting to turn upwards, additional upside strength may be present in the coming sessions. A bullish bias may emerge above the RM0.48 level with stop-loss set at RM0.45, below the 20-day EMA. Towards the upside, nearterm resistance level is seen at RM0.55, followed by RM0.60.

Entry : RM0.48–0.505

Target : RM0.55, RM0.60

Exit : RM0.45

Source: AmInvest Research - 4 Apr 2024