RHB Retail Research
Trading Stocks - PA Resources
PA Resources is consolidating sideways after a recent pullback. If it manages to move past the consolidation phase of MYR0.455, a bullish bias should emerge. If that happens, the bulls may drive the stock towards the MYR0.48 level before it reaches the next resistance of MYR0.525. Conversely, falling below the MYR0.435 support level will cancel this expectation.
Source: RHB Securities Research - 1 Nov 2021
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