Mega First Corp may have completed its correction phase, says RHB Retail Research

TheEdge Tue, Sep 15, 2020 07:45am - 3 years View Original


KUALA LUMPUR (Sept 15): RHB Retail Research said Mega First Corporation Bhd may have completed its correction phase – it is in the process of extending its upward move following the latest session’s upside breach of the 21-day SMA line.

In a trading stocks note today, the research house said a positive bias may emerge above RM7.20 with resistance points pegged at RM7.65 and RM7.80.

“This bias would stay valid unless the RM7.20 support is breached,” it said.

 

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