RHB Retail Research
Technical Analysis - Techfast
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Techfast may rise higher after forming a white candle and hitting its highest close in more than six months. With the 21- day SMA line edging upwards, this also implies a positive outlook sentiment. A bullish bias may emerge above the MYR0.53 level, with an exit set below the MYR0.455 threshold. Towards the upside, the immediate resistance is at MYR0.61. This is followed by the MYR0.665 level.
Source: RHB Securities Research - 24 Jul 2018
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