Prestar Resources’ buying momentum may have returned after it rose above the 21-day SMA line. Yesterday’s candle sent the stock to its 1-week high, thereby enhancing the bullish sentiment. A positive bias may emerge above the MYR0.66 level, with an exit set below the MYR0.625 threshold. Towards the upside, the immediate resistance is at MYR0.73. This is followed by the MYR0.785 level.

Source: RHB Securities Research - 28 Mar 2019