Pentamaster may rise higher after it breached above the MYR3.60 threshold. This can be viewed as a continuation of the bulls extending the rebound from 15 Mar’s “Hammer” pattern. A bullish bias may emerge above the MYR3.58 level, with an exit set below the MYR3.34 threshold. Towards the upside, the immediate resistance is at MYR3.85. This is followed by the MYR4.00 level.

Source: RHB Securities Research - 2 Apr 2019