PANTECH: Poised for further upside amid flag pattern formation.
§ The odds favour the bulls to stage a breakout of its bullish flag pattern as long as prices stay above its key 200-h SMA near RM0.88. Lower support is RM0.84.
Based on the measurement of the flag pattern, prices could potentially surpassing RM0.985 (29 May high), RM1.02 and ultimately to our price objective of RM1.11. Formidable resistance is RM1.22. Cut loss below RM0.82