RHB Retail Research
Trading Stocks - Prestar Resources
Prestar Resources may move higher after it continued holding above the MYR0.57 support. Given that it has formed a long white candle above the 21-day SMA line, the bullish sentiment has been enhanced. A positive bias may appear above the MYR0.65 level, with an exit set below the MYR0.57 threshold. Towards the upside, the near-term resistance is at MYR0.78. This is followed by the MYR0.875 level.
Source: RHB Securities Research - 11 Mar 2019
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