RHB Retail Research
Trading Stocks - Pentamaster
Pentamaster surged past the resistance level of MYR4.74 with a high trading volume. After its share price consolidated for three weeks, we believe the breakout will push it towards the next resistance level of MYR5.00, followed by MYR5.30. If it falls below MYR4.74, expect a sideways consolidation again. Meanwhile, a downside breach of the MYR4.45 support would further price the downward correction.
Source: RHB Securities Research - 29 Sept 2020
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