RHB Retail Research
Trading Stocks - Tasco
Tasco is poised to rise higher as it bounced off from the recent pullback to hit the recent high of MYR1.40 – firming up the “higher low” bullish pattern with a long white candlestick. If a breakout happens above that level, the bullish momentum may propel the stock towards its 52-week high of MYR1.46, then the MYR1.60 threshold. That said, this expectation will be nullified if it falls below the support level of MYR1.27.
Source: RHB Securities Research - 27 Oct 2021
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