RHB Retail Research
Trading Stocks - PA Resources
PA Resources broke out from the sideway zone with higher trading volume. A bullish bias emerged above the resistance level of MYR0.205. With surging trading volume, we believe the bullish momentum is gaining traction and may propel the stock towards next resistance level at MYR0.23, followed by MYR0.25. Meanwhile, a downward breach of the MYR0.185 support will negate this expectation.
Source: RHB Securities Research - 2 Feb 2021
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