PRESTAR found its support at 0.585 and show sign of rebound from there. The reason of rebound was interesting as in the annoucement made on 8 September. Directors have been acquiring on RM0.586 and RM0.59 as shown in the photo attached. From technical wise, the indicators show positive sign and possible reversal signal.
Traders should watch 0.68 as first profit taking level and the next level to watch is 0.71. Watch 0.585 as stop loss level.
First target price = RM0.68 (+10.7%)
Second target price = RM0.71 (+16.3%)
Stop loss = RM0.585 (-4%)