Pestech International is poised to break away from the consolidation level of MYR1.13 as it attempted to breach that level on high volume. If it manages to surpass that point – forming a “higher high” bullish pattern – the bullish momentum may lift the stock higher towards MYR1.22, followed by MYR1.28 (the high of March). Meanwhile, the stock may move downwards if it falls below the MYR1.05 support – below the 21-day average line.

Source: RHB Securities Research - 1 Oct 2021