Friday 29 Mar 2024
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KUALA LUMPUR (April 8): Pentamaster Corp Bhd shares rose 3.1% at mid-morning today on the back of a positive technical outlook.

At 10.30am, Pentamaster added 12 sen to RM3.99 with 913,000 shares traded.

RHB Retail Research said Pentamaster may rise higher after it breached above the RM3.77 threshold.

In a trading stocks note today, the research house said last Friday's candle has sent the stock to its new 52-week high, thereby enhancing the bullish sentiment.

"A bullish bias may emerge above the RM3.77 level, with an exit set below the RM3.58 threshold.

"Towards the upside, the immediate resistance is at RM4.20. This is followed by the RM4.50 level," it said.

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