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Mega Fortris Berhad continues to maintain a solid bullish structure on its daily chart, even as the price consolidates near its recent highs. The uptrend that began in August remains intact, with the stock still printing higher highs and higher lows, supported by consistently rising EMAs. Despite the sideways movement around the 0.78–0.80 zone, the chart shows no evidence of trend exhaustion, but rather a healthy cooling phase after an impressive multi-month climb.
MEGAFB still holds more than RM60.6 mil of the funds raised in IPO and another RM93.2 mil in cash and short-term investments. So basically the company has ample funds to advance its growth plans