RHB Retail Research
Technical Analysis - Prestariang
Prestariang may rebound higher after it continued holding above the MYR0.40 support. Yesterday’s white candle sent the stock to its 2-week high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR0.55 level, with an exit set below the MYR0.40 threshold. Towards the upside, the near-term resistance is at MYR0.725. This is followed by the MYR0.85 level.
Source: RHB Securities Research - 2 Nov 2018
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