PRTASCO rose 12.0 sen (+7.14%) to close at RM1.80. Post the multi-month downtrend in the share price, a breakout from the trend line resistance was seen at RM1.68 with a long white candlestick and a surge in trading volume observed. From the technical perspective, bullish bias is seen with MACD staging a crossover of the Signal line. Meanwhile, strong buying pressure is also seen with both Stochastic and RSI indicators turning upwards. Its share price could continue its uptrend and test its immediate resistance at RM1.85 (R1) and possibly RM1.96 (R2) next.

 

 

Source: Kenanga