PRTASCO was up by 13 sen (8.1%) to RM1.72 on the back of strong buying volume yesterday. Chart-wise, a White Marubozu candlestick has broken out of the resistance line. There also appears to be a Golden Cross as the 20–day SMA has just crossed over the 50–day SMA. Key indicators are also bullish as the MACD has just crossed over the Signal Line, while RSI and Stochastics are both on an upward trajectory. Should the strong buying interest persist, we expect the share price to push towards the next resistance level at RM1.77 (R1), before heading for RM1.86 (R2).

Source: Kenanga