RHB Retail Research
Trading Stocks - Techbond Group
Techbond Group may rebound further after it tested MYR0.745 support recently. Given that the stock has formed a “Hammer” pattern on 15 Jul, this indicates a potential rebound. A bullish bias may appear above the MYR0.765 level, with an exit set below the MYR0.745 threshold. Towards the upside, the near-term resistance is at MYR0.815. This is followed by the MYR0.845 level.
Source: RHB Securities Research - 18 Jul 2019
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