RHB Retail Research
Trading Stocks - Tasco
Tasco attempted to break above the resistance level for the second time recently, before a technical pullback yesterday. The trading volume is tapering, while its share price is holding up – which means that the bulls are in the driver’s seat. Premised on this, the stock may rise higher to retest the resistance of MYR1.07, followed by MYR1.14. Meanwhile, if the support level of MYR0.93 is broken, this trading set-up would be invalidated.
Source: RHB Securities Research - 31 March 2021
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