RHB Retail Research: Mega First indicates a positive bias may emerge

RHB Retail Research says Mega First Corporation Berhad formed a white candle yesterday, potentially marking the end of its 3-week retracement phase.

In a trading note, the research house says a positive bias may emerge above MY6.05, while the resistance levels are at MYR6.45 followed by MYR6.65.

“A stop-loss can be set below MYR6.00,” it says.

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