Pentamaster may rise higher after hitting its new 52-week high. As the 21-day SMA line is likely to turn higher, it would appear that the bearish sentiment has been enhanced. A bullish bias may emerge above the MYR3.40 level, with an exit set below the MYR3.09 threshold. Towards the upside, the immediate resistance is at MYR3.70. This is followed by the MYR4.00 level.

Source: RHB Securities Research - 13 Sept 2018