Pentamaster Corporation is poised for a technical breakout, as it attempted to surpass the immediate resistance on strong trading volume yesterday. Coupled with a “higher low” base structure formed recently, a bullish bias may emerge If it manages to break above the immediate resistance of MYR5.58. The bullish momentum will propel the stock towards the next level of MYR6.23, followed by the historical high of MYR6.80. Meanwhile, if it falls below the MYR5.27 support, this expectation will be nullified

Source: RHB Securities Research - 3 Aug 2021