KUALA LUMPUR (Mar 13): RHB Retail Research said Pentamaster Corp Bhd may rise higher after it formed a second consecutive white candle.
In a trading stocks note today, the research house said yesterday’s white candle can be regarded as a continuation of the rebound that started off March 6’s “Bullish Harami” pattern.
“A bullish bias may emerge above the RM2.30 level, with an exit set below the RM2.11 threshold.
“Towards the upside, the immediate resistance level is at RM2.60. This is followed by the RM2.90 level,” it said.
Sourced from : theedgemarket