Mega First Corp may rise higher after it formed a third consecutive white candle. Yesterday’s candle sent the stock to its new 52-week high, thereby enhancing the bullish sentiment. An upbeat bias may emerge above the MYR5.60 level, with an exit set below the MYR5.25 mark. Towards the upside, the immediate resistance is at the MYR6.50 level, followed by the MYR7.00 threshold.
Source: RHB Securities Research - 20 May 2020
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Created by rhboskres | Aug 26, 2024