Pantech Group’s buying momentum may have returned after it broke out of the 5-week bullish flag pattern a few sessions ago. With the stock posting a white marubozu candlestick and pushing near its 52-week high on Friday, the bullish momentum may be present now. A bullish bias may emerge above the RM0.66 level, with a stop-loss set at RM0.63, below the 20-day EMA. On the upside, the near-term resistance level is seen at RM0.75, followed by RM0.80.

Entry : RM0.66–0.68

Target : RM0.75, 0.80

Exit : RM0.63

Source: AmInvest Research - 21 Mar 2022