RHB Retail Research
Trading Stocks - TASCO
Tasco may due for a rebound after a “Bullish Harami” formation was sighted. With the 21-day SMA line acting as a strong support for the uptrend, we foresee its share price rising above the resistance level of MYR1.33. If this happens, it will travel towards the next resistance level of MYR1.40, followed by MYR1.46. Meanwhile, a downside breach of the MYR1.27 support would cancel this expectation.
Source: RHB Securities Research - 28 Sept 2020
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