Prestar 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.
Disclaimer: Our content is intended to be used and must be used for technical analysis education purposes only.
