<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 17): AllianceDBS Research said Tasco Bhd (Tasco) had on 16 Jan 2018 traded lower to RM2.07 before closing near the day’s low at RM2.08 (down 3 sen or 1.42%).</p></div>

<div class=newsTextDataWrapInner><p>In its stock trend monitor yesterday, the research house said Tasco continued to stay below the 20-day (blue) and 50-day (red) MA lines in the last 5 days.</p></div>

<div class=newsTextDataWrapInner><p>“Following the down close on Jan 16, the stock is likely to move lower with immediate support at RM2.08.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“A fall below RM2.08 should see further price decline to the subsequent support zone, RM1.99 – RM2.03.</p></div>

<div class=newsTextDataWrapInner><p>“The hurdle is pegged at RM2.18. A rise above RM2.18 would lift the stock to the next resistance zone, RM2.25 – RM2.30,” it said.</p></div>

<div class=newsTextDataWrapInner><p>AllianceDBS Research said stock volume traded on Jan 16 was 80,000 shares compared to the 3-month average volume of 70,000 shares.</p></div>

<div class=newsTextDataWrapInner><p>The research house said that indicators wise, the MACD line was above the 9-day moving average line with the buy signal remains intact.</p></div>

<div class=newsTextDataWrapInner><p>It said the relative strength index indicated that the stock was currently in a neutral zone.</p></div>


KUALA LUMPUR (Jan 17): AllianceDBS Research said Tasco Bhd (Tasco) had on 16 Jan 2018 traded lower to RM2.07 before closing near the day’s low at RM2.08 (down 3 sen or 1.42%).

In its stock trend monitor yesterday, the research house said Tasco continued to stay below the 20-day (blue) a...

Immediate hurdle for Tasco at RM2.18, says AllianceDBS Research 

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