KUALA LUMPUR (Jan 16): AllianceDBS Research said the immediate support for Prestariang Bhd (Presbhd) was seen at RM2.16 and that Presbhd had on Jan 13 traded higher to RM2.34 before closing at the day’s low of RM2.23 (down 4 sen or 1.76%). In its evening edition last Friday, the research house said Presbhd continued to trade above the 20-day and 50-day moving average lines. “Following the down close on Jan 13, the stock is likely to move lower with immediate support seen at RM2.16. “A fall below RM2.16 should see further price decline to the subsequent support at RM2.11. AllianceDBS Research said stock volume traded on Jan 13 was 2.46 million shares compared to the 3-month average volume of 990,000 shares.

Source: The Edge Markets January 15, 2017 22:50 UTC