Mega First Corp was testing the MYR5.60 level in its latest session. A bullish bias may be present above this point, with a target price of MYR6.00, followed by MYR6.50. The stock may turn sideways if it cannot breach above the MYR5.60 mark decisively in the coming sessions. Support may be found at MYR5.30, where traders can exit upon a breach to limit the downside risk.

Source: RHB Securities Research - 27 Feb 2020