RHB Retail Research
Trading Stocks - Prestariang
Prestaring formed a long white candle on strong volume in its attempt to cross above the MYR0.505 resistance level in the latest session. This was after it experienced an over 2-week accumulation phase. An upside breach of MYR0.505 could see the stock to test the MYR0.535 and MYR0.58 resistance levels. This thesis would be negated if MYR0.48 support is breached.
Source: RHB Securities Research - 25 Nov 2020
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