Rakuten Trade Research Reports
Technical View - Pentamaster Corporation Bhd (PENTA, 7160)
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Publish date: Mon, 23 Mar 2020, 11:09 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Pentamaster Corporation Bhd (7160)
• PENTA closed 6.4% or 16 sen higher to RM2.67 last Friday.
• We believe share price is at its oversold level while last Friday’s move also signalling the resume of buying interest following recent sell down. Should the buying momentum remain, share price could trend higher.
• From here, resistance levels are expected at RM2.90 (R1) and further to RM3.20 (R2).
• On the flipside, support levels are identified at RM2.30 (S1) and RM2.05 (S2).
Source: Rakuten Research - 23 Mar 2020
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