Prestar Resources Bhd (PRESTAR, 9873)

• Share price closed 4.69% higher at RM0.67 on Wednesday.

• It broke out from its RM0.65 resistance level and closed above all its key moving average lines today. It also formed three white soldiers during the past 3 trading days.

• Coupled with its uptick in RSI and MACD indicators, its share price is expected to move higher.

• Resistance level is identified at RM0.74 (R1).

• On the flipside, support levels are pegged at RM0.62 (S1) and RM0.61 (S2).

Source: Rakuten Research - 21 Apr 2022