Pentamaster Corporation surged past the resistance price RM4.34 in its latest session with higher trading volume. With the momentum indicator RSI above 60%, the short-term momentum could reach target prices of RM4.60 and RM4.85. If it dips below RM4.34, it will continue to move sideways and consolidate. Support price is anticipated at RM4.09 whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM4.34
Target: RM4.60, RM4.85 (time frame: 3-6 weeks)
Exit: RM4.09
Source: AmInvest Research - 21 Jun 2019
Chart | Stock Name | Last | Change | Volume |
---|