RHB Retail Research
Trading Stocks - Pentamaster Corporation
Pentamaster formed a long white candle, indicating that the momentum of buying could be strong. This close has sent the stock to its new 52-week high, thereby enhancing the positive sentiment. A positive bias may emerge above the MYR4.90 level, with an exit set below the MYR4.55 threshold. Towards the upside, the immediate resistance is at the MYR5.50 mark. This is followed by the MYR6.00 level.
Source: RHB Securities Research - 21 Jan 2020
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