AmInvest Research Reports

Stock on Radar - Pantech Group Holdings

Publish date: Tue, 17 Jan 2023, 09:46 AM
0 7,260
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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

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