Mega First Corp may rise higher after it recently breached above the downtrend line drawn in the chart. The latest candle has sent the stock to its new 52-week high, thereby enhancing the positive sentiment. A bullish bias may emerge above the MYR3.88 level, with an exit set below the MYR3.75 threshold. Towards the upside, the immediate resistance is at MYR4.20. This is followed by the MYR4.50 level.

Source: RHB Securities Research - 2 May 2019