RHB Retail Research
Trading Stocks - Pentamaster Corporation
Pentamaster may rise higher after posting a long white candle and hitting its new 52-week high. With the 21-day SMA line edging upwards, this also implies a positive outlook. A positive bias may emerge above the MYR3.40 level, with an exit set below the MYR3.26 threshold. Towards the upside, the immediate resistance is at the MYR3.60 level. This is followed by the MYR3.80 level.
Source: RHB Securities Research - 23 Jul 2019
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