RHB Retail Research
Trading Stocks - Pentamaster Corporation
Pentamaster Corporation is set for an uptrend reversal, as it bounced off above the 21-day average line and subsequently breached the immediate resistance level of MYR5.50 on higher volume. If it stays above that level, the bullish momentum may propel the stock towards the recent high of MYR5.82, then to August’s high of MYR5.94. This expectation will be nullified if it falls below the support level of MYR5.30.
Source: RHB Securities Research - 2 Nov 2021
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