Pantech Group crossed the RM0.515 resistance level in its latest session. With a rising RSI level, a bullish bias may be present above this mark with a target price of RM0.545 and RM0.57, Meanwhile, it may continue moving sideways if it falls back below the RM0.515 mark in the near term. In this case, the immediate support is anticipated at RM0.49, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.515

Target: RM0.545, RM0.57 (time frame: 3-6 weeks)

Exit: RM0.49

Source: AmInvest Research - 31 May 2019