RHB Retail Research
Trading Stocks - Prestar Resources
Prestar Resources is set to continue its uptrend reversal as it breached the immediate resistance of MYR0.695 yesterday, on high trading volume. If the breakout is sustained, the positive momentum may propel the stock towards the immediate resistance of MYR0.75, then MYR0.795 – which was the high of September. Conversely, falling below the MYR0.665 support will nullify this expectation.
Source: RHB Securities Research - 15 Oct 2021
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