Pentamaster Corporation may trend higher after it surged above the RM4.25 resistance and hit its 10-month high yesterday. The stock also broke out from the 2-week bullish flag pattern, which coincided with a long white candle, likely indicate that the near-term bullish trend may persist. A bullish bias may emerge above the RM4.25 level, with a stop-loss set at RM3.93, below 21 Nov’s low. Towards the upside, the near-term resistance level is seen at RM4.70, followed by RM5.00.

Entry : RM4.25–4.37

Target : RM4.70, RM5.00

Exit : RM3.93

Source: AmInvest Research - 25 Nov 2022