Ta Ann may rebound further, says RHB Retail Research

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KUALA LUMPUR (Sept 3): RHB Retail Research said Ta Ann Holdings Bhd may rebound further after it tested RM2.56 support in recent trades.

In a trading stocks note today, the research house said given that it has formed a long white candle above the 21-day SMA line, this means that the bullish sentiment has been enhanced.

“A bullish bias may appear above the RM2.68 level, with an exit set below the RM2.56 threshold.

“Towards the upside, the near-term resistance is at RM2.90. This is followed by the RM3.00 level,” it said.