Techfast may trend higher, says RHB Retail Research

TheEdge Fri, Oct 11, 2019 08:29am - 4 years View Original


KUALA LUMPUR (Oct 11): RHB Retail Research said Techfast Holdings Bhd may trend higher after it breached above the 33.5 sen threshold.

In a trading stocks note today, the research house said yesterday’s candle sent the stock to its highest point in more than seven months, thereby enhancing the positive sentiment.

“A bullish bias may emerge above the 33.5 sen level, with an exit set below the 30 sen threshold.

“Towards the upside, the immediate resistance is at 38.5 sen. This is followed by the 41.5 sen level,” it said.

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