Pentamaster’s upside move may persist after it continued holding above the rising 21-day SMA line. Yesterday’s long white candle sent the stock to its 4-month high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR3.44 level, with an exit set below the MYR3.27 threshold. Towards the upside, the near-term resistance is at MYR3.75. This is followed by the MYR3.87 level.

Source: RHB Securities Research - 19 Mar 2019