Eye on stock: PENTA


A CONSTRUCTIVE upward momentum, lasting for almost a year, witnessed Pentamaster Corp Bhd (Penta) shares rallying to as high as high of 74.5 sen on April 21, the best level since November 2007.

Thereafter, they succumbed to an apparent profit-taking selling pressure to slip into correction mode, pulling prices back to the 57.5-sen line on April 28 before a fresh bout of bargain hunting activity emerged unexpected to aid the bulls.

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