KUALA LUMPUR (March 14): RHB Retail Research said Mega First Corporation Bhd may move higher after it tested the RM3.75 support recently.

In a trading stocks note today, the research house said as the stock formed a long white candle and recovered above the 21-day SMA line, this indicates a positive sign.

“A bullish bias may appear above the RM3.84 level, with an exit set below the RM3.75 threshold.

“Towards the upside, the near-term resistance is at RM4.00. This is followed by the RM4.30 level,” it said.