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Prestar Resources Bhd.

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PRESTAR, protect downside >> Price blow Hull MA >> Broken support and EMA 20. >> Dropped more than -12% from 0.545 >> Stochastic oversold. Collect cheap? Nope. I will wait for stronger reversal signal. Or else just let it find the bottom. Beginner traders: Looking to buy at bottom and sell at top Profitable traders: Looking for high probability moves while covering their bottom Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.
MYX:PRESTARShort
by DSELE99
$PRESTAR Edisi bahasa rojakA counter with attractive PE, PE as said is the market expectation the lower the PE the better output of investment. Current PE trading for the prestar is ranging between 6 which is significant. Perspektif dalam TA, menunggu harga retrace dengan seller yang sikit but the prospect of the company with very rewarding. Kita tahu baru baru ni PRESTAR reported earning very good which the demand for the steel sangat tuntas sekali. Kemudiannya PRESTAR juga ada 'connection' with big brothers of steel which we know if they have big brother meaning they can survive tak kira la PKP ke tidak en. Okay lets focus on the where is the point to buy. So far market sangat sangat weak. Malam ni saja bitcoin and all the crypto has turned into shitcoin. More than 30% drop weekly. Please please all of you kalau baca ni, dont ever treat your saving money as gamble. Berjudi tu haram, betul crypto tu halal tapi kalau invest/trade takda ilmu tu semua harap sebab awak tengah menggadai apa yang awak ada dalam masa sama awak taktau pun awak nak rugi ke nak untung in the future. The biggest mistake yang pelabur buat ialah masukkan semua saving dalam satu account sampai takda backup untuk yang lebih teruk bakal mendatang. *Skip the above context to review the chart* PRESTAR supported price at RM1.10 in short term, however steel is expect to recover in the next week time since the economy a bit frustrating between sixes and sevens. I would recommend to buy half on the daily intraday trade when the support is broken because with this PE(market expectation) hard to fall below rm1 because in last week the management done with the private placement at RM1.25. The best keyword i wanted to highlighted here is, * Dont Gamble! Make analysis on our own If dont know what to do, ask people but dont force yourself to believe on what people say. Do trade with market sense because we always carried by the market Not so much information about the description because I know market are crashes everywhere and inflation are coming plus there are many panic sellers. Do take care yourself, thank you for reading until this line. Selamat berehat dan berhemah. InshaAllah next week market are going to be solid if all these panic people are selling then buy when people afraid liao.
MYX:PRESTAR
by Izzat_Azmi
Ascending Triangle BreakoutPrestar has been bullish since Mar 2020, forming a V-bottom and significant price movement to the upside above 200 days MA. The share retraced in Aug to neutralize the overbought condition and resume the rally with significant price movement above resistance level at 0.84. We notice a formation of Ascending Triangle and recent price movement above this continuation pattern. Our next price target is at 1.225. On the flipside, price movement below support at 0.84 will push the price lower to the next support at 0.69. Disclaimer: Our content is intended to be used and must be used for technical analysis education purposes only.
MYX:PRESTARLong
by ellynacci
1
Twinkle Twinkle Little PRESTARSymbol & Code : HARBOUR (2062) Board : MAIN Shariah : Compliant Sector : Transportation & Logistics Sub-Sector : Transportation & Logistics Services • Weekly: PRESTAR has created a massive cup and handle pattern. 200MA pattern is not that convincing because it has flattened out, but price remains above it. • Daily: 20MA momentum is slowing down, so I bet it will enter a retracement period. If 20MA weakens further, price may break below 50MA and drop down to 0.63. If the momentum remains strong, try entering at 0.77-0.8 • EP: 0.77-0.8
MYX:PRESTAR
by Tentorium