Mega First Corp may rebound higher, says RHB Retail Research

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KUALA LUMPUR (April 28): RHB Retail Research said Mega First Corp Bhd may rebound higher after it continued holding above the RM4.55 support.

In a trading stocks note today, the research house said as the 21-day SMA line is likely to turn higher, it would appear that the bullish sentiment has been enhanced.

“An upbeat bias may emerge above the RM4.74 level, with an exit set below the RM4.55 mark.

“Towards the upside, the immediate resistance is at the RM5.22 level, followed by the RM5.60 threshold,” it said.