Pentamaster may move higher after forming a "Hammer" pattern in its latest trade. As the stock marked a higher close vis-à-vis the previous session, this indicates a positive sign. A bullish bias may appear above the MYR2.60 level, with an exit set below the MYR2.45 threshold. Towards the upside, the near-term resistance is at MYR2.90. This is followed by the MYR3.24 level.

Source: RHB Securities Research - 19 Dec 2018