Pentamaster Corporation may climb higher after posting another white candle and hitting its highest point in more than three months. This can be viewed as a continuation of the bulls extending the rebound from 30 May’s “Hammer” pattern. A bullish bias may emerge above the MYR2.44 level, with an exit set below the MYR2.18 level. Towards the upside, the immediate resistance is at MYR2.70. This is followed by the MYR2.90 level.

Source: RHB Securities Research - 7 Jun 2018