RHB Retail Research
Trading Stocks - Mega First Corporation
Mega First Corp may climb higher after posting a long white candle and hitting its new 52-week high. With the 21-day SMA line edging upwards, this implies a bullish outlook sentiment. A positive bias may emerge above the MYR4.32 level, with an exit set below the MYR4.05 threshold. Towards the upside, the immediate resistance is at the MYR4.60 mark. This is followed by the MYR4.80 threshold.
Source: RHB Securities Research - 16 Oct 2019
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