RHB Retail Research
Technical Analysis - Pentamaster Corporation
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Pentamaster may climb higher after forming a long white candle and hitting its highest close in nearly seven months. With the 21-day SMA line edging upwards, this also implies a positive outlook sentiment. A bullish bias may emerge above the MYR2.95 level, with an exit set below the MYR2.76 threshold. Towards the upside, the immediate resistance is at MYR3.14. This is followed by the MYR3.30 level.
Source: RHB Securities Research - 10 Aug 2018
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