RHB Retail Research
Trading Stocks - Penta
Pentamaster formed a long white candle, indicating that the buying momentum could be strong. This close has sent the stock to its new 52-week high, and enhanced the buying momentum. A positive bias may emerge above the MYR3.75 level, with an exit set below the MYR3.46 threshold. Towards the upside, the immediate resistance is at the MYR4.00. This is followed by the MYR4.20 level.
Source: RHB Securities Research - 18 Sept 2019
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