RHB Retail Research
Trading Stocks - Mega First Corporation
Mega First Corp has continued to remain above the MYR4.50 support in recent sessions, indicating a positive sign. Given that the stock has formed a “Piercing Line” pattern on 10 Mar, this points to a potential rebound. A positive bias may emerge above the MYR4.67 level, with an exit set below the MYR4.50 threshold. Towards the upside, the immediate resistance is at the MYR5.10 mark, followed by the MYR5.26 level.
Source: RHB Securities Research - 13 Mar 2020
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