RHB Investment Research Reports
Trading Stocks - Pantech
rhbinvest
Publish date: Mon, 11 Sep 2023, 11:03 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Pantech is poised to undergo a bullish breakout, and its uptrend may be extended. The stock is testing the immediate resistance of MYR0.875. If it breaches this point, this will lead to a fresh “higher high” and boost sentiment. In this case, the momentum would propel the stock towards the next resistance levels of MYR0.92 and MYR0.95. On the flip side, falling below the MYR0.835 support will spark a correction.
Source: RHB Securities Research - 11 Sept 2023
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