Pantech Group surged to a new 52-week high with a long white candle on Friday, which likely indicates the return of buying momentum. Given that the stock has broken out from a 3-week bullish flag pattern, the uptrend may continue in the near term. A bullish bias may emerge above the RM0.83 level, with stop-loss set at RM0.78, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM0.95, followed by RM1.00.

Entry : RM0.83–0.875

Target : RM0.95, RM1.00

Exit : RM0.78

Source: AmInvest Research - 4 Sept 2023