TAS Offshore may resume its uptrend and test the immediate resistance. The stock underwent a correction as it fell below the 21-day SMA line. If it undergoes a breakout at MYR0.365, this will confirm that the correction is over and market sentiment should improve. In this case, the stock will climb towards MYR0.40, then MYR0.44. On the other hand, breaching below the MYR0.325 support will kick off a bearish phase.
Source: RHB Securities Research - 9 Nov 2023
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Created by rhbinvest | Aug 23, 2024