RHB Retail Research
Trading Stocks - Techfast
Techfast may rebound further after it tested the MYR0.47 support in recent sessions. As the stock has formed a “Hammer” pattern on 3 Feb, this indicates a potential rebound. A positive bias may emerge above the MYR0.50 level, with an exit set below the MYR0.47 threshold. Towards the upside, the immediate resistance is at the MYR0.575 mark. This is followed by the MYR0.60 level.
Source: RHB Securities Research - 7 Feb 2020
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