RHB Retail Research
Trading stocks - Pentamaster Corporation
Pentamaster may rise higher after it closed above the MYR4.50 threshold. As the 21-day SMA line is likely to turn higher, it would appear that the bullish sentiment has been improved. A positive bias may emerge above the MYR4.50 level, with an exit set below the MYR4.27 threshold. Towards the upside, the immediate resistance is at the MYR5.00. This is followed by the MYR5.30 level.
Source: RHB Securities Research - 4 Oct 2019
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