PESTECH showing signs of resuming uptrend, says RHB Retail Research

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KUALA LUMPUR (March 24): RHB Retail Research said Pestech International Bhd is showing signs of resuming its uptrend as it crossed above the 21-day simple moving average (SMA) line.

In a trading stocks note today, the research house said bullish bias may emerge above the resistance-turned-support level of RM1.21, while the following resistance points are marked at RM1.29 and RM1.36.

“A breakdown below the RM1.18 support should negate this expectation,” it said.

Source: The Edge Markets (Online News)