Pantech Group may trend higher after it hit a new multi-year high and left an upside gap two sessions ago. Given that the stock has broken out from the 1-montn bullish rectangle pattern a few candles back, the resumption of its previous uptrend may be taking place now. A bullish bias may emerge above the RM0.79 level, with a stop-loss set at RM0.72, below the 20-day EMA. Towards the upside, the near-term resistance level is seen at RM0.90, followed by RM1.00.

Entry : RM0.79–0.82

Target : RM0.90, RM1.00

Exit : RM0.72

Source: AmInvest Research - 17 Jan 2023