KUALA LUMPUR (Sept 13): AllianceDBS Research said Pasukhas Group Bhd (Pasukgb) had on Sept 13 settled at the day’s high of 11.5 sen (up 0.5 sen or 4.54%).

In its evening edition yesterday, the research house said Pasukgb continued to fluctuate around the 20-day (blue) and 50-day (red) moving average lines in the last 6 days.

“Following the up close on Sept 13, the stock is likely to move higher with immediate hurdle at 12 sen.

“A crossover of 12 sen should see further price rise to the next overhead resistance zone, 12.5 sen – 13.5 sen.

“The support is pegged at 10.5 sen. A fall below 10.5 sen would put pressure on the stock down to the subsequent support at 9.5 sen,” it said.

AllianceDBS Research said stock volume traded on Sept 13 was 5.85 million shares compared to the 3-month average volume of 1.40 million shares.