RHB Retail Research
Technical Analysis - Prestariang
Prestariang
Prestariang may rise higher after it breached above the nearterm downtrend line drawn in the chart. Yesterday’s long white candle sent the stock to its 3-week high, thereby enhancing the bullish sentiment. A bullish bias may emerge above the MYR1.12 level, with an exit set below the MYR1.00 level. Towards the upside, the immediate resistance is at MYR1.27. This is followed by the MYR1.39 level.
Source: RHB Securities Research - 5 Jul 2018
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