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FTSE Bursa Malaysia KLCI (^KLSE) 1,646.53 14.83 (0.90%)
updated at: Wed, 09 Dec 2020, 05:25PM MYT

MTAG showing a good sign of staging a reversal, says RHB Retail Research

MTAG
MTAG
Original Source From TheEdge Publish at Tue, 23 Jun 2020, 07:51AM

KUALA LUMPUR (June 23): RHB Retail Research said MTAG Group Bhd is showing a good sign of staging a reversal following the three-week’s retracement.

In a trading stocks note today, the research house said towards the upside, a positive bias may emerge should the stock be able to cross above the 52.5 sen resistance, also located near the 21-day SMA line.

“The following resistance levels are marked at 56.5 sen, followed by 60 sen.

“A stop-loss can be placed below 50 sen,” it said.

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