RHB Retail Research
Trading Stocks - TAS Offshore
At the time of writing, TAS Offshore was testing the MYR0.40 mark during the recent sessions. A bullish bias may be present above this point with a target price of MYR0.44, followed by MYR0.485. The stock may take a breather if it cannot decisively breach above the MYR0.40 mark in the coming sessions. Support may be found at MYR0.355, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 23 Jan 2020
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