RHB Retail Research
Trading Stocks - PMB Technology
PMB Technology is ready to print the new high as it attempted to breach the all-time high of MYR13.80 on high volume – forming a “White Marubozu” bullish candlestick. If a breakout happens above that level, the bulls may propel the stock towards uncharted territory – marked at the MYR15.00 spot – before possibly hitting the MYR16.00 level. However, falling below the MYR11.04 support may trigger a downtrend.
Source: RHB Securities Research - 5 Oct 2021
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