RHB Retail Reseach: Pentamaster crosses the 2-week downtrend line

RHB Retail Research says Pentamaster Corporation Berhad marginally crossed above the 2-week downtrend line, this is a rebound continuation following the re-testing of the 21-day SMA line recently.

In a trading note, the research house says a positive bias may emerge above MYR4.90, while the resistance points are pegged at MYR5.20, followed by MYR5.40.

“A stop-loss can be placed below MYR4.90,” it says.

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