Techfast

Techfast may rebound further after it tested the MYR0.50 support in its recent trades. The 21-day SMA line is now likely to turn upwards, suggesting that additional strength may be present in the near term. A bullish bias may appear above the MYR0.54 level, with an exit set below the MYR0.50 threshold. To the upside, the near-term resistance is at MYR0.60. This is followed by the MYR0.665 level.

Source: RHB Securities Research - 9 Aug 2018