Pestech International Stock Code : 5219
Pestech International may trend upwards after climbing above the downtrend line and 50-day MAV line. A bullish bias may be present above the MYR6.50 level, with a target price of MYR7.65, assuming the MYR7.05 resistance can be surpassed. The stock may turnsideways if it falls back below the MYR6.50 mark. In this case, support is anticipated at MYR6.25, where traders can exit upon a breach to avoid the risk of a further correction.
source: RHB Research - 24/03/2016
PESTECH INTERNATIONAL BERHAD
The Company is principally engaged in the provision of comprehensive power system engineering and technical solutions for design procurement and installation of High Voltage and Extra High Voltage substations transmission lines and underground cables for electricity transmision and distribution in the local and international markets and also manufacture proprietary power system components and equipment.