RHB Retail Research
Trading Stocks - Mega First Corporation
Mega First has been developing a possible “Bull Flag” formation since Sep 2020.Towads the upside, if the stock manages to breach above MYR7.03, the next resistance would be set at MYR7.30 (a level near the “Bull Flag” resistance line), followed by MYR7.55. A downside breach of MYR6.90 would negate this bias.
Source: RHB Securities Research - 25 Jan 2021
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