<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 17): AllianceDBS Research said Pestech International Bhd (Pestech) had on Aug 16 traded higher to RM1.70 before closing unchanged at RM1.65.</p></div>

<div class=newsTextDataWrapInner><p>In its evening edition yesterday, the research house said Pestech continued to trade above the 20-day (blue) and 50-day (red) moving average lines.</p></div>

<div class=newsTextDataWrapInner><p>“Following the unchanged settlement on Aug 16, the stock is likely to move lower with immediate support at RM1.65.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“A fall below RM1.65 would put pressure on the stock down to the subsequent support zone, RM1.59 – RM1.62.</p></div>

<div class=newsTextDataWrapInner><p>“The hurdle is pegged at RM1.70. A crossover of RM1.70 should see further price rise to the next overhead resistance at RM1.77,” it said.</p></div>

<div class=newsTextDataWrapInner><p>AllianceDBS Research said stock volume traded on Aug 16 was 1.46 million shares compared to the 3-month average volume of 250,000 shares.</p></div>

<div class=newsTextDataWrapInner><p>The research house said that indicators wise, the MACD was above the 9-day moving average line with the buy signal remains intact.</p></div>

<div class=newsTextDataWrapInner><p>It said the relative strength index indicated that the stock was currently in a neutral zone.</p></div>


KUALA LUMPUR (Aug 17): AllianceDBS Research said Pestech International Bhd (Pestech) had on Aug 16 traded higher to RM1.70 before closing unchanged at RM1.65.

In its evening edition yesterday, the research house said Pestech continued to trade above the 20-day (blue) and 50-day (red) mo...

Immediate hurdle for Pestech at RM1.70, says AllianceDBS Research 

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