RHB Retail Research

Trading Stocks - Techfast

rhboskres
Publish date: Fri, 19 Mar 2021, 05:21 PM
rhboskres
0 9,020
RHB Retail Research

Techfast underwent a positive intraday price reversal and formed a “Bullish Engulfing” price reversal pattern. This came after its recent sharp correction and implies that an interim low has been reached. We expect a positive bias to appear above MYR0.46, with resistance points set at MYR0.53 and MYR0.565. A downside breach of MYR0.46 would negate this bias.

Source: RHB Securities Research - 19 Mar 2021

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