After a series of selldown, Pantech Group moved above the resistance level of RM0.555. With the RSI trending higher, the bullish momentum shall continue with its next target price at RM0.60, followed by RM0.62. Meanwhile, it may lose its upside momentum if it dips back below the RM0.555 mark in the near term. Hence, support is anticipated at RM0.53, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on rebound above RM0.555

Target: RM0.60, RM0.62 (time frame: 3-6 weeks)

Exit: RM0.53

Source: AmInvest Research - 8 Apr 2019