RHB Retail Research
Trading Stocks - Mega First Corporation
Mega First Corp may rebound further after it tested the MYR4.65 support recently. As the stock rose above the 21-day SMA line, this indicates a positive sign. A positive bias may emerge above the MYR4.84 level, with an exit set below the MYR4.65 threshold. Towards the upside, the immediate resistance is at the MYR5.20 mark. This is followed by the MYR5.50 level.
Source: RHB Securities Research - 12 Dec 2019
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