RHB Retail Research
Trading Stocks - Pestech International
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
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