Pentamaster Corporation is firming up its recent uptrend reversal pattern, as it bounced off the 21-day average line and breached the immediate resistance of MYR3.68 yesterday, on top of registering high volume. If it manages to stay above that level, the stock may propel further towards the MYR4.00 threshold, and then MYR4.23. Conversely, falling below the MYR3.13 support should trigger selling pressure, printing a “lower low” bearish pattern below the average line.

Source: RHB Securities Research - 18 Mar 2022