MTAG exhibiting positive signs of a rebound phase, says RHB Retail Research
KUALA LUMPUR (Nov 6): RHB Retail Research said MTAG Group Bhd has been exhibiting positive signs of a rebound phase, after it recently reached a low of 67 sen.
In a trading stocks note today, the reearch house said MTAG crossed above the 21-day SMA line yesterday.
“A positive bias may appear above 70 sen, with resistance levels pegged at 80 sen and 84.5 sen.
“A downside breach of 70 sen would nullify this positive thesis,” it said.
06 Nov 2020
