Pantech Group may rise higher after it breached above the MYR0.48 threshold. In view that the 21-day SMA line is likely to begin turning upwards, this also implies a positive outlook. A bullish bias may emerge above the MYR0.48 level, with an exit set below the MYR0.45 threshold. Towards the upside, the immediate resistance is at MYR0.52. This is followed by the MYR0.55 level.

Source: RHB Securities Research - 23 Jan 2019