Tasco experiencing strong upward momentum, says RHB Retail Research

Tasco experiencing strong upward momentum, says RHB Retail Research
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KUALA LUMPUR (June 11): RHB Retail Research said Tasco Bhd is experiencing a strong upward momentum as it climbed above its previous breakout level.

In a trading stocks note today, the research house said that as such, a “higher high” price pattern formed above the 21-day SMA line yesterday.

“Underpinning the bullish momentum above the RM1.18 resistance-turn-support or breakout level, the stock may extend towards the next resistance at RM1.25, and then RM1.31.

“If it falls below the RM1.10 support, the stock may move downwards,” it said.