PESTECH Set to Resume Its Uptrend, Says RHB Retail Research

PESTECH Set to Resume Its Uptrend, Says RHB Retail Research

KUALA LUMPUR (Nov 8): RHB Retail Research said PESTECH International Bhd is set to resume its uptrend as it moved  past the consolidation phase of RM1.19  on strong volume – forming a “higher high” bullish pattern.  

In a trading stocks note today, the research house said if the stock manages  to  stay above that level, buying interest may follow through towards the  RM1.28 resistance, followed by RM1.43 – its 52-week high.

“If it falls below the RM1.14  support, the momentum may dissipate,” it said.