RHB Retail Research
Trading Stocks - Ta Ann
Ta Ann managed to significantly narrow its intraday losses in the latest session. This was after it tested the MYR2.00 support level, which was near the low recorded in Sep 2019. The relatively strong positive price reaction from the support level may indicate buying support. A positive bias may emerge above MYR2.00 with resistance levels eyed at MYR2.25, followed by MYR2.45. A stop-loss can be placed below MYR2.00.
Source: RHB Securities Research - 17 Mar 2020
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