RHB Retail Research
Trading Stocks - Mega First Corporation
Mega First Corp may trend higher after it recently climbed above the MYR5.00 mark. This upward momentum is likely to continue, given that it has formed a second consecutive white candle. An upbeat bias may emerge above the MYR5.00 level, with an exit set below the MYR4.80 mark. Towards the upside, the immediate resistance is at the MYR5.60 level, followed by the MYR6.00 threshold.
Source: RHB Securities Research - 8 May 2020
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