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.
http://www.theedgemarkets.com/article/tasco-poised-rise-higher-says-rhb-retail-research
