RHB Retail Research

Trading Stocks: Pantech

rhboskres
Publish date: Tue, 09 Feb 2021, 05:09 PM
rhboskres
0 9,021
RHB Retail Research

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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