RHB Retail Research
Technical Analysis - PESTECH International
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PESTECH International may rebound further after it tested MYR1.45 support in recent trades. As the stock rose above the 21-day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR1.55 level, with an exit set below the MYR1.45 threshold. Towards the upside, the nearterm resistance is at MYR1.67. This is followed by the MYR1.76 level.
Source: RHB Securities Research - 3 Aug 2018
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