• Technical BUY on breakout with +20.3% potential return
• Last price: RM2.59
• Target price: RM2.99, RM3.14
• Support: RM2.40
• Stop-loss: RM2.39

BUY on breakout with a target price of RM3.14 and stop-loss at RM2.39. Based on the daily chart, PENT has formed a series of higher highs and higher lows that indicates the uptrend pattern. The uptick in the DMI and an increase in trading volumes suggest buying momentum is set to continue in the near term. We expect the stock to continue trending up toward the previous high of RM3.15 once it penetrates above the breakout level of RM2.61.

Expected Timeframe: 2 weeks to 2 months.