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 on Wednesday, 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.