Techfast may rise higher after it climbed above the 21-day SMA line recently. As the stock marked a higher close vis-à- vis the previous sessions since 7 Nov, this has enhanced the buying momentum. A bullish bias may appear above the MYR0.42 level, with an exit set below the MYR0.38 threshold. Towards the upside, the near-term resistance is at MYR0.48. This is followed by the MYR0.505 level.

Source: RHB Securities Research - 12 Nov 2018