KUALA LUMPUR (Oct 4): Pentamaster Corp Bhd shares rose 2.78% to its all-time high in the morning session today, following a positive technical outlook on the stock.

At the midday break, Pentamaster rose 13 sen to RM4.81 for a market capitalisation of RM2.28 billion.

RHB Retail Research said Pentamaster may rise higher after it closed above the RM4.50 threshold.

In a trading stocks note today, the research house said as the 21-day simple moving average (SMA) line is likely to turn higher, it would appear that the bullish sentiment has been improved.

"A positive bias may emerge above the RM4.50 level, with an exit set below the RM4.27 threshold.

"Towards the upside, the immediate resistance is at the RM5.00. This is followed by the RM5.30 level," it said.