Pentamaster Corporation may soon test the immediate resistance price of RM4.73. With an RSI level above 60%, it may continue to climb above the resistance price oand move towards its short-term target price of RM4.90 followed by RM5.10. If it fails to cross RM4.73, expect a sideway movement. Support is anticipated at RM4.51, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM4.73

Target: RM4.90, RM5.10 (time frame: 3-6 weeks)

Exit: RM4.51

Source: AmInvest Research - 13 Jan 2020