RHB Retail Research
Trading Stocks - Mega First Corporation
Mega First Corporation may have completed its correction phase – it is in the process of extending its upward move following the latest session’s upside breach of the 21-day SMA line. A positive bias may emerge above MYR7.20 with resistance points pegged at MYR7.65 and MYR7.80. This bias would stay valid unless the MYR7.20 support is breached.
Source: RHB Securities Research - 15 Sept 2020
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