BONES..............whilst reading on your analysis of PRESTAR,,,, I came across a GEM by almost the same name................PRESTAR...IANG ! which will be a better bet ! What do u think?
Prestar Resources (PRST MK) Technical BUY with +19.4% potential return Last price : RM0.62 Target Price : RM0.695, RM0.74 Support : RM0.58 Stop-loss: RM0.57 BUY with a target price of RM0.740 with stop loss below RM0.57. Share price has formed a “cup and handle” pattern over the last five months before making a breakout from the formation on 2 Apr 14 as the stock continued to consolidate. The stock has stabilised around the RM0.58 region and attempted to surpass the previous high of RM0.625 yesterday. The emergence of fresh buying interest as seen in the higher trading volume of 1.7m shares yesterday suggests a potential upward movement. This is supported by a rising momentum as flashed by the RSI. A positive closing above RM0.625 may spur more buying interest, thus potentially pushing share price towards our target at 1.61x Fibonacci extension level of RM0.74 over the medium term.
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....
bonescythe
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Posted by bonescythe > 2014-03-31 11:35 | Report Abuse
:D
:)