Rakuten Trade Research Reports
Technical View - Pantech Group Holdings Bhd
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Publish date: Thu, 02 Jun 2022, 10:45 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
Pantech Group Holdings Bhd (PANTECH, 5125)
• Share price closed 5.3% higher at RM0.700 on Wednesday.
• PANTECH has broken out from its double bottom formation with higher trading volume yesterday. It is now trading above all its key moving averages since yesterday.
• Coupled with upticks in its indicators & MACD bullish crossover yesterday, share price is expected to move higher.
• Resistance levels are identified at RM0.720 (R1) and RM0.765 (R2).
• On the flipside, support levels are pegged at RM0.680 (S1) and RM0.655 (S2).
Source: Rakuten Research - 2 Jun 2022
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