MFCB 24/06/2020

*24 June Technical Idea*
MEGA FIRST CORPORATION (Stock code: 3069)

1st Jun MFCB hit it new high 7.180 and retrace back to demand zone area (5.60-6.00),long bias
yesterday we see that MFCB closing with reverse candle pattern and increase volume, entry signal
we think that MFCB is welcoming it next rally waive,potential trace can be participate.

*Risk: Moderate Risk*
*TP1: RM6.490*
*TP2: RM6.930*
*SL1: RM5.910*
*SL2: RM5.630*
*Risk Return Ratio:1.79x*

Strategy:
1)This was a technical play, trade to wait the momentum and buy flow come.
2)Value investor may accumulate at every new low prices or demand zone as long as fundamental remain.