RHB Retail Research
Trading Stocks - Pentamaster Corporation
Pentamaster may trend higher after forming a white candle and hitting its new 52-week high. This can be viewed as a continuation of the bulls extending the buying momentum from 1 Jul’s upside gap. A bullish bias may appear above the MYR3.05 level, with an exit set below the MYR2.91 threshold. Towards the upside, the near-term resistance is at MYR3.40. This is followed by the MYR3.50 level.
Source: RHB Securities Research - 9 Jul 2019
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