Yesterday, PRTASCO edged up 3.0 sen to close at RM1.72 with above-thanaverage trading volume, settling above all its key SMAs. The share price is potentially depicting a “Pennant” chart pattern, awaiting a convincing breakout from its 9-month resistance line. The bullish signal is further showcased by all indicators heading north and positive crossover from Stochastic indicator. Should the stock break out from the above-mentioned resistance level, we believe the share price will rally against its longer term resistance level (R3) of RM1.93.

Source: Kenanga Research - 29 Apr 2015