RHB Retail Research
Trading Stocks - Pentamaster Corporation
Pentamaster Corporation could rise further after it moved past the immediate resistance of MYR5.35 on high volume, thereby printing a “higher high” bullish pattern. If it stays above that level, the buying momentum may propel it towards the MYR5.94 recent high, before hitting the multi-month high of MYR6.18. Meanwhile, the stock may move downwards if it falls below the MYR5.18 support – below the 21-day SMA line.
Source: RHB Securities Research - 23 Sept 2021
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