P.A Resources attempted to break away from its immediate resistance after rebounding from a recent pullback. The stock is also trading above the 21-day SMA line, which has been pointing upwards, as of late. If it manages to break above its immediate resistance of MYR0.52, a bullish bias may appear. Towards the upside, the next resistance level is pegged at MYR0.555, followed by MYR059. Meanwhile, breaching below the MYR0.50 support would negate this trading set up.

Source: RHB Securities Research - 12 Apr 2021