MTAG is showing a good sign of staging a reversal following the three-week’s retracement. Towards the upside, a positive bias may emerge should the stock be able to cross above the MYR0.525 resistance, also located near the 21-day SMA line. The following resistance levels are marked at MYR0.565, followed by MYR0.60. A stop-loss can be placed below MYR0.50.
Source: RHB Securities Research - 23 Jun 2020
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