Quick take: Tashin shares up on technical buy

TheStar Fri, Jun 19, 2020 10:01am - 3 years View Original


KUALA LUMPUR: Shares in Tashin Holdings Bhd rose almost 3% in early early Friday following a technical buy call from PublicInvest Research.

The steel products manufacturer rose 2.78%, or 0.5 sen to 18.5 sen, its highest in a week.

PublicInvest said Tashin is staging a potential breakout from its descending triangle chart pattern.

“Slightly improved RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in the near term.

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