Pantech Group has been range-bound during recent sessions. Higher trading volume was recorded in the latest session. With a rising RSI above 50%, there is a possibility it will break above the resistance level of RM0.57, and move towards a target price of RM0.615 followed by RM0.655. The immediate support level is anticipated at RM0.53, whereby traders may exit on a breach to avoid the risk of a further consolidation.

Trading Call: Buy upon breakout above RM0.57

Target: RM0.615, RM0.655 (time frame: 3-6 weeks)

Exit: RM0.53

Source: AmInvest Research - 12 Jul 2019