RHB Retail Research
Trading Stocks - Prestar Resources
Prestar Resources is eyeing to test the multi-year high again after it broke above the previous resistance on improved volume recently. If the bullish momentum keeps the price above the MYR1.22 immediate support level, the stock may then travel towards the next hurdle of MYR1.44, followed by MYR1.53. This expectation would be nullified if the stock falls below the MYR1.12 support level.
Source: RHB Securities Research - 15 Jun 2021
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