Pentamaster Corporation may soon test the RM3.30 mark after forming a piercing line candle pattern. A bullish bias may be present above this mark with a target price of RM3.44, followed by RM3.63. Meanwhile, it may turn sideways if it fails to cross the RM3.30 mark in the near term. In this case, the immediate support is anticipated at RM3.10, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM3.30

Target: RM3.44, RM3.63 (time frame: 3-6 weeks)

Exit: RM3.10

Source: AmInvest Research - 27 Nov 2018