RHB Retail Research
Trading Stocks - Pentamaster
Pentamaster continued to trend higher yesterday, testing the resistance level of MYR5.35. As the 20-day SMA line is pointing north, we expect the bullish momentum to move higher and reach the next resistance level of MYR5.65, followed by MYR5.95. This positive expectation should remain valid, provided the MYR5.05 support does not fail.
Source: RHB Securities Research - 21 Oct 2020
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