KUALA LUMPUR (March 15): RHB Retail Research said Pantech Group Holdings Bhd is poised to climb towards its 52-week high after hitting the immediate resistance of 65.5 sen on Monday (March 14) as it climbed above the 21-day average line.

In a trading stocks note on Tuesday, the research house said if the stock manages to surpass that level, the bulls may bring the stock towards the next resistance of 70 sen, followed by the 74 sen level, i.e. the highest point since October 2017.

“However, the momentum may lose steam if it falls below the 60 sen support to print a 'lower low' bearish structure,” it said.