RHB Retail Research

Trading Stocks (mid-day) - Favelle Favco

rhboskres
Publish date: Thu, 27 Feb 2020, 09:12 AM
rhboskres
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RHB Retail Research

At the time of writing, Favelle Favco was testing the MYR2.76 level in its latest session. A bullish bias may be present above this point, with a target price of MYR2.87, followed by MYR3.00. The stock may take a breather if it cannot decisively breach above the MYR2.76 threshold in the near term. Support may be found at MYR2.67, where traders can exit upon a breach to limit the downside risk

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