Pentamaster Corporation has been moving sideway and tested the RM3.55 resistance level multiple times. With a neutral RSI level, it may move higher above this mark with a target price of RM3.78, followed by RM4.00. Meanwhile, it may continue drift sideways if it fails to close above the RM3.55 mark in the near term. In this case, support is anticipated at RM3.33, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on uptrend continuation above RM3.55

Target: RM3.78, RM4.00 (time frame: 3-6 weeks)

Exit: RM3.33

Source: AmInvest Research - 28 Mar 2019