RHB Retail Research
Trading Stocks - Prestar Resources
Prestar Resources saw bullish momentum emerge after two sessions of consolidation. With trading volume surging yesterday, we believe the stock may break above the resistance level MYR1.02 soon. If this happens, expect the bullish momentum to propel the share price towards the next resistance level of MYR1.08, followed by MYR1.15. Meanwhile, a downward breach of the MYR0.925 support would negate this expectation.
Source: RHB Securities Research - 23 Feb 2021
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