Stock Picks Of The Day – myNEWS, Tafi Industries

myNEWS is poised to continue its bullish trajectory after breaking past the resistance.

RHB Retail Research (RHB) in a note today (June 25) if the stock has crossed above the MYR0.66 resistance to form a “higher high” bullish candlestick.

The latest price action affirms that the technical setup is bullish.

An extension of a “higher high” bullish pattern should see the stock travelling towards MYR0.72, followed by MYR0.78.

On the other hand, falling below the MYR0.60 support will nullify the positive expectation.

Tafi Industries may extend its uptrend post a bullish breakout.

The counter has climbed above the MYR0.62 key resistance on the back of strong volume.

The volume is rising in tandem with the share price, showing that a strong bullish momentum is underway.

This should propel the counter towards the next resistance of MYR0.68, followed by MYR0.75.

On the flip side, falling below the MYR0.57 support will lead to a resumption of the correction phase.

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