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TASCO (5140): TASCO BHD poised to rise higher, says RHB Retail Research

KUALA LUMPUR (Oct 27): RHB Retail Research said Tasco Bhd is poised to rise higher as it bounced off from the recent pullback  to  hit  the  recent  high  of  RM1.40  –  firming  up  the “higher  low”  bullish  pattern  with  a  long  white  candlestick.  

In a trading stocks note today, the research house said if a breakout happens above that level, the bullish momentum may propel the stock towards its 52-week high of RM1.46, then the RM1.60 threshold.

“That said, this expectation will be nullified if it falls below the support level of RM1.27,” it said.


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