RHB Retail Research
Trading Stocks - Techfast
Techfast may rebound higher after it tested the MYR0.30 support in its latest session. Last Friday’s white candle has engulfed the prior one to form a “Bullish Engulfing” pattern, implying a potential rebound. A bullish bias may appear above the MYR0.31 level, with an exit set below the MYR0.30 threshold. Towards the upside, the near-term resistance is at MYR0.34. This is followed by the MYR0.355 level.
Source: RHB Securities Research - 5 Aug 2019
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