RHB Retail Research
Trading Stocks - Techfast
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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