KUALA LUMPUR (April 10): AllianceDBS Research said Pestech International Bhd (Pestech) had on April 7 gapped up to reach a high of RM1.77 before closing near the day’s low at RM1.68 (up 4 sen or 2.43%). “Following the weak up close on April 7, the stock is likely to move lower with immediate support at RM1.68. “A fall below RM1.68 would put pressure on the stock down to the subsequent support zone, RM1.60 – RM1.63. AllianceDBS Research said stock volume traded on April 7 was 2.36 million shares compared to the 3-month average volume of 680,000 shares. The research house said that indicators wise, the MACD was below the 9-day moving average line with the sell signal remains intact.

Source: The Edge Markets April 09, 2017 22:07 UTC