RHB Retail Research
Technical Analysis - Techfast
Techfast
Techfast was testing the MYR0.50 level in its recent trades. A bullish bias may be present above this point with a target price of MYR0.545, followed by MYR0.60. The stock may consolidate further if it cannot breach the MYR0.50 threshold in the coming sessions. Support may be found at MYR0.395, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 13 Jul 2018
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