Friday 29 Mar 2024
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KUALA LUMPUR (Nov 21): PublicInvest Research said Tatt Giap Group Bhd’s share price formed a shooting star candlestick pattern, signifying possible halt in prior uptrend.

In a trading ideas note today, the research house said stalling RSI and fast-paced MACD indicators currently signal an exit to sell into strength, anticipating performance in momentum and trend to remain weak in near term.

“Should support level of 22 sen be broken, it may continue to drive price lower to subsequent support level of 20 sen.

“Note that the potential halt in uptrend presents an opportunity for profit taking instead of intraday short selling,” it said.

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