RHB Retail Research
Trading Stocks - Pentamaster Corporation
Pentamaster may rise higher after it formed a long white candle and breached above the MYR4.07 threshold. This close has sent the stock to its new 52-week high, thereby enhancing the bullish sentiment. A bullish bias may emerge above the MYR4.07 level, with an exit set below the MYR3.85 threshold. Towards the upside, the immediate resistance is at MYR4.30. This is followed by the MYR4.50 level.
Source: RHB Securities Research - 18 Apr 2019
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