Techfast may rebound higher, says RHB Retail Research

TheEdge Wed, May 16, 2018 08:51am - 5 years View Original

KUALA LUMPUR (May 16): RHB Retail Research said Techfast Holdings Bhd may rebound higher after it continued holding above the 34 sen support.

In a trading stocks note today, the research house said as the stock posted a second consecutive white candle, this has enhanced the buying momentum.

“A bullish bias may appear above the 39 sen level, with an exit set below the 34 sen threshold.

“Towards the upside, the near-term resistance level is at 45.5 sen. This is followed by the 53.5 sen level,” it said.

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