Pantech Group Holdings is poised to climb towards its 52-week high after hitting the immediate resistance of MYR0.655 yesterday as it climbed above the 21-day average line. If it manages to surpass that level, the bulls may bring the stock towards the next resistance of MYR0.70, followed by MYR0.74 level, ie the highest point since Oct 2017. However, the momentum may lose steam if it falls below the MYR0.60 support – to print a “lower low” bearish structure.

Source: RHB Securities Research - 15 Mar 2022