RHB Retail Research
Trading Stocks - Prestar Resources
Prestar Resources is staging a rally amid higher trading volume. A bullish bias has emerged above the resistance level of MYR0.77. With an increasing trading volume, we believe the stock is gaining momentum and may climb higher to test the next resistance level at MYR0.84, followed by MYR0.90. Meanwhile, a downward breach of the MYR0.70 support will negate this expectation.
Source: RHB Securities Research - 16 Dec 2020
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