P.A. Resources is attempting to resume its uptrend after it rose strongly during the intraday session, hitting the MYR0.35 immediate resistance before retreating towards the close. Riding beyond the 21-day SMA line, if a breakout above the resistance occurs, the stock may climb towards MYR0.395, followed by the next resistance at MYR0.425. If the price falls below the MYR0.31 support, it would signal the beginning of a correction.

Source: RHB Securities Research - 9 Feb 2024