AmInvest Research Reports
Stocks on Radar - Pantech Group Holdings
AmInvest
Publish date: Mon, 21 Mar 2022, 10:56 AM
AmInvest
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
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
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