RHB Retail Research
Trading Stocks: Pantech
Pantech rose higher yesterday to test the immediate resistance level at MYR0.47. If the breakout is successful, the stock will print a new higher high, signalling the resumption of an uptrend. We think the positive momentum will drive it towards the next resistance level pegged at MYR0.49 followed by MYR0.52. A downside breach of the MYR0.43 support would nullify this expectation and see further share price correction.
Source: RHB Securities Research - 9 Feb 2021
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