Pentamaster may rise higher, says RHB Retail Research

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KUALA LUMPUR (Sept 5): RHB Retail Research said Pentamaster Corp Bhd may rise higher after hitting its new 52-week high.

In a trading stocks note today, the research house said as the 21-day SMA line is likely to turn higher, it would appear that the bearish sentiment has been enhanced.

“A bullish bias may emerge above the RM3.40 level, with an exit set below the RM3.09 threshold.

“Towards the upside, the immediate resistance is at RM3.70. This is followed by the RM4.00 level,” it said.