RHB Retail Research
Trading Stocks - Mega First Corporation
Mega First Corp may rebound higher after it continued holding above the MYR4.55 support. As the 21-day SMA line is likely to turn higher, it would appear that the bullish sentiment has been enhanced. An upbeat bias may emerge above the MYR4.74 level, with an exit set below the MYR4.55 mark. Towards the upside, the immediate resistance is at the MYR5.22 level, followed by the MYR5.60 threshold.
Source: RHB Securities Research - 27 Apr 2020
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