RHB Retail Research
Technical Analysis - Techfast
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Techfast may trend higher after it formed a long white candle and breached above the MYR0.50 threshold. Yesterday’s white candle can be viewed as the bulls extending the upward momentum from 3 Jul’s upside gap. A bullish bias may appear above the MYR0.50 level, with an exit set below the MYR0.40 threshold. Towards the upside, the near-term resistance is at MYR0.56. This is followed by the MYR0.665 level.
Source: RHB Securities Research - 17 Jul 2018
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