RHB Retail Research: Mega First Corp may trend higher

RHB Retail Research says Mega First Corp Bhd may trend higher after it recently climbed above the MYR5.00 mark.

In a trading note, the research house says this upward momentum is likely to continue, given that it has formed a second consecutive white candle.

“An upbeat bias may emerge above the MYR5.00 level, with an exit set below the MYR4.80 mark.

“Towards the upside, the immediate resistance is at the MYR5.60 level, followed by the MYR6.00 threshold,” it says.

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