RHB Retail Research
Technical Analysis - Prestariang
Prestariang
Prestariang may rebound further after it tested the MYR1.16 support in its latest session. As the stock is trading above the 21-day SMA line, the positive sentiment has been enhanced. A bullish bias may emerge above the MYR1.16 level, with an exit set below the MYR1.16 threshold. To the upside, the immediate resistance is at MYR1.34. This is followed by the MYR1.42 level.
Source: RHB Securities Research - 28 Aug 2018
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