RHB Retail Research
Trading Stocks - Mega First Corporation
Mega First Corporation may move higher after it tested the MYR3.75 support recently. As the stock formed a long white candle and recovered above the 21-day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR3.84 level, with an exit set below the MYR3.75 threshold. Towards the upside, the near-term resistance is at MYR4.00. This is followed by the MYR4.30 level.
Source: RHB Securities Research - 14 Mar 2019
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