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RHB Retail Research

Author: rhboskres   |   Latest post: Wed, 2 Dec 2020, 4:41 PM

 

Trading Stocks - BCM Alliance

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BCM Alliance is attempting to breakout from a sideway consolidation zone, rising higher to test the resistance level of MYR0.315. To fulfil the breakout criteria, we need to see it breach the resistance level together with a higher trading volume. If this happens, expect the bullish momentum to reach the next resistance of MYR0.34, followed by MYR0.38. A downside breach of the MYR0.27 support would nullify this expectation.

Source: RHB Securities Research - 20 Oct 2020

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Labels: BCMALL

Related Stocks

Chart Stock Name Last Change Volume 
BCMALL 0.305 +0.01 (3.39%) 27,342,700 

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