RHB Investment Research Reports

Trading Stocks - Pantech Group Holdings

Publish date: Tue, 14 Mar 2023, 09:36 AM
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An official blog in I3investor to publish research reports provided by RHB Research team.

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Pantech Group Holdings is poised for a potential rebound as it recently bounced off its low, with an increase in trading volume, indicating strong buying interest. If the stock manages to surpass the immediate resistance of MYR0.79, which is also above the 21-day average line, it could potentially reach MYR0.85, ie its historical high, followed by a new high at MYR1.00. However, if the stock falls below the support of MYR0.74, it could result in a reversal of momentum and form a bearish pattern of a "lower low", below the average line.

Source: RHB Securities Research - 14 Mar 2023

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