KUALA LUMPUR (July 9): RHB Retail Research said Mega First Corp Bhd may move higher after it continued holding above the RM3.53 support.

In a trading stocks note today, the research house said yesterday’s candle sent the stock to its 2-month high, thereby enhancing the bullish sentiment.

“A bullish bias may appear above the RM3.66 level, with an exit set below the RM3.53 threshold.

“Towards the upside, the near-term resistance is at RM3.88. This is followed by the RM4.03 level,” it said.