RHB Retail Research

Trading Stocks - Pentamaster Corporation

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Publish date: Thu, 23 Sep 2021, 05:00 PM
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RHB Retail Research

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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