RHB Retail Research
Trading Stocks -Ta Ann
Ta Ann pulled back downwards to approach the oversold region. As trading volume increased during the latest session, a positive bias or rebound should happen if it trades above the immediate resistance level of MYR2.68. If this happens, the bullish momentum may send the stock price towards the next hurdle near MYR2.76, followed by MYR2.90. A downside breach of the MYR2.60 support would negate this expectation, and see a further stock price correction
Source: RHB Securities Research - 2 Nov 2020
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