Pentamaster Corporation leapt above the resistance level RM4.18 with higher trading volume. The RSI indicator is pointing upwards, indicating bullish momentum has kicked in. If it trades above the resistance level, we see that it will travel towards the short-term target prices of RM4.65 and RM4.90. The downside support is anticipated at RM3.94, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM4.18

Target: RM4.65, RM4.90 (time frame: 2-4 weeks)

Exit: RM3.94

Source: AmInvest Research - 15 May 2020