RHB Retail Research: MTAG may move higher

RHB Retail Research says MTAG Group may move higher after it formed a long white candle and breached above the MYR0.40 threshold.

In a trading note, the research house says with the 21-day SMA line edging upwards, this indicates a positive sign.

“An upbeat bias may emerge above the MYR0.40 level, with an exit set below the MYR0.355 mark.

“Towards the upside, the immediate resistance is at the MYR0.485 level, followed by the MYR0.53 threshold,” it says.

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