RHB Retail Research
Trading Stocks - Mega First Corporation
Mega First Corp’s buying momentum may have returned after it rose above the 21-day SMA line. Yesterday’s candle sent the stock to its 2-week high, thereby enhancing the bullish sentiment. A positive bias may emerge above the MYR5.30 level, with an exit set below the MYR5.11 threshold. Towards the upside, the immediate resistance is at the MYR5.70 mark. This is followed by the MYR6.00 level.
Source: RHB Securities Research - 6 Feb 2020
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