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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

Tasco may due for a rebound, RHB Retail Research

TASCO
TASCO
Original Source From TheEdge Publish at Mon, 28 Sep 2020, 08:17AM

KUALA LUMPUR (Sept 28): RHB Retail Research said Tasco Bhd may due for a rebound after a “Bullish Harami” formation was sighted.

In a trading stocks note today, the research house said with the 21-day SMA line acting as a strong support for the uptrend, it foresees Tasco’s share price rising above the resistance level of RM1.33.

“If this happens, it will travel towards the next resistance level of RM1.40, followed by RM1.46.

“Meanwhile, a downside breach of the RM1.27 support would cancel this expectation,” it said.

Top Participation View More
updated at: Fri, 29 May 2020 MYT
Participation (%)
Bought (MYR)
Sold (MYR)
Net
Foreign
( 24,36 % )
2.31 B 2.23 B 77.37 M
Local Institution
( 39,38 % )
3.66 B 3.67 B 0.00 B
Local Retail
( 36,26 % )
3.34 B 3.41 B -0.07 B