Techfast Holdings Bhd (TECFAST, 0084)

• TECFAST ended 5.4% or 2.5 sen higher to RM0.49 yesterday.

• TECFAST closed with a positive candle yesterday on the back of rising volume, following a pull back from a high of RM0.69 recently. Coupled with upticks on the buying momentum, the upward bias is likely to be extended.

• From here, key resistance levels are expected at RM0.535 (R1) and further to RM0.62 (R2).

• On the downside, support levels are set at RM0.455 (S1) and RM0.45 (S2).

Source: Rakuten Research - 19 Mar 2021