Pentamaster Corporation shot up and formed a long white candle in its lastest session. With an RSI level above 60%, it may continue to climb above the resistance price of RM3.72. If this happens, its short-term target price will be RM3.89 followed by RM3.96. The support price is anticipated at RM3.55, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM3.72
Target: RM3.89, RM3.96 (time frame: 3-6 weeks)
Exit: RM3.55
Source: AmInvest Research - 6 Sept 2019
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