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RHB Research said Mega Fortris is attempting to extend its rebound and is testing immediate resistance at RM0.98 on strong trading volume. The 21-day simple moving average is trending upwards, signalling a bullish short-term outlook.
A decisive break above RM0.98 could pave the way for further gains towards RM1.03, followed by RM1.08. However, a pullback below the RM0.93 support level would invalidate the positive view and may trigger a correction phase.
