RHB Retail Research
Trading Stocks - MTAG Group
MTAG has been exhibiting positive signs of a rebound phase, after it recently reached a low of MYR0.67. It crossed above the 21-day SMA line yesterday. A positive bias may appear above MYR0.70, with resistance levels pegged at MYR0.80 and MYR0.845. A downside breach of MYR0.70 would nullify this positive thesis.
Source: RHB Securities Research - 6 Nov 2020
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