RHB Retail Research
Trading Stocks (mid-day) - Techfast
At the time of writing, Techfast was testing the MYR0.385 resistance. If a decisive breakout occurs, a bullish bias may be present above this point, with a target price of MYR0.43, followed by MYR0.485. The stock may consolidate further if it cannot decisively breach above the MYR0.385 mark in the coming sessions. Support may be found at MYR0.335, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 5 May 2020
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