RHB Retail Research
Trading Stocks - Mega First Corporation
Mega First Corp may rebound higher after it continued holding above the MYR3.75 support. Yesterday’s candle can be viewed as a continuation of the bulls extending the buying momentum from 25 Mar’s upside gap. An upbeat bias may emerge above the MYR4.00 level, with an exit set below the MYR3.75 mark. Towards the upside, the immediate resistance is at the MYR4.50 level, followed by the MYR4.90 threshold.
Source: RHB Securities Research - 27 Mar 2020
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