PTARAS has confirmed a “Pennant” chart pattern with its 10 sen gain yesterday (RM5.01 closing price). We believe the stock is poised for yet another up-leg given the increased trading volume and bullish key indicators (MACD, RSI, Stochastic). We believe that the share price could potentially extend its gains towards RM5.97, while the downside appears capped at RM4.75.
Source: Kenanga