RHB Retail Research
Trading Stocks - Pestech International
Pestech may rise higher after it formed a long white candle and breached above the MYR1.28 mark. This upward momentum is likely to continue, given that it has posted a second consecutive white candle. A bullish bias may emerge above the MYR1.28 level, with an exit set below the MYR1.19 threshold. Towards the upside, the immediate resistance is at MYR1.40. This is followed by the MYR1.55 level.
Source: RHB Securities Research - 9 Jul 2019
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