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PRESBHD closed 4.5 sen or 11% higher to RM0.455 yesterday.
Share price appears to have bottomed out at the RM0.35 level. PRESBHD ended with a bullish white candle yesterday accompanied by higher-than-average trading volume. We expect the buying momentum to continue following the RM22.94m contract awarded from the Ministry of Finance.
As such, resistance levels are expected at RM0.615 (R1) and further to RM0.655 (R2).
Conversely, support levels are found at RM0.300 (S1) and RM0.255 (S2).
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....