KUALA LUMPUR (Oct 4): RHB Retail Research said Pentamaster Corp Bhd may rise higher after it closed above the RM4.50 threshold.

In a trading stocks note today, the research house said as the 21-day SMA line is likely to turn higher, it would appear that the bullish sentiment has been improved.

“A positive bias may emerge above the RM4.50 level, with an exit set below the RM4.27 threshold.

“Towards the upside, the immediate resistance is at the RM5.00. This is followed by the RM5.30 level,” it said.