TAS’s technical picture looks positive as the share price is forming a bullish “Flag” chart pattern. The active volume coupled with the converging MACD may suggest strong buying interest. To confirm the bullish “Flag”, the share price needs to break out above the downward slopping channel resistance and recent high @RM0.890. Should that be the case, we reckon the share price may go up further towards RM1.00 (which is also the Fibonacci resistance level), based on previous measurement objective. Hence, we suggest trader to watch for a meaningful upside breakout before taking position. Meanwhile, the underlying support is pegged 

at RM0.780 (Fibonacci). 

 

Source: Kenanga