Mega First Corporation may rise higher after it breached above the MYR3.60 threshold. This upward momentum is likely to continue, given that it has posted a second consecutive white candle. A bullish bias may emerge above the MYR3.60 level, with an exit set below the MYR3.42 threshold. Towards the upside, the immediate resistance is at MYR3.80. This is followed by the MYR4.00 level.

Source: RHB Securities Research - 29 Jan 2019