Pantech could trade higher after closing firmer on high volume yesterday. A position can be initiated above RM0.55, with a close below RM0.535 as a stop-loss. The price targets are prior highs of RM0.64 and RM0.68, provided that 2012’s high of RM0.59 is violated. The upward bias may be nullified should the stop-loss be triggered and it could see it lower. Supports are at RM0.50 and RM0.46.
Source: OSK
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