RHB Retail Research
Technical Analysis - Pentamaster Corporation
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Pentamaster’s buying momentum may persist after the stock recorded its highest close in more than a week. As the 21-day SMA line has crossed above the 55-day SMA line lately, this is an indication of a positive sign. A bullish bias may emerge above the MYR2.40 level, with an exit set below the MYR2.18 threshold. To the upside, the immediate resistance is at MYR2.70. This is followed by the MYR2.90 level.
Source: RHB Securities Research - 19 Jun 2018
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