RHB Retail Research
Trading Stocks - PA Resources
PA Resources is moving higher after breaking past its resistance level on strong volume. Since it has crossed above the 21-day SMA line, expect the bullish momentum to gather pace. If it manages to stay above MYR0.47, the momentum may lift it towards next resistance of MYR0.50, followed by MYR0.52. Conversely, breaching below the MYR0.45 support would cancel this expectation.
Source: RHB Securities Research - 1 Apr 2021
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
