AmInvest Research Reports
Stocks on Radar - Ancom (4758)
AmInvest
Publish date: Mon, 24 May 2021, 10:11 AM
AmInvest
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
Ancom climbed and touched the RM1.46 resistance leve With its RSI indicator pointing upwards, coupled wi higher trading volume, there is a good chance that it wou experience a technical rebound and head towards th short-term target price of RM1.52, followed by RM1.5 The downside support is marked at RM1.35. Traders ar advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM1.46
Target: RM1.52, RM1.58 (time frame: 2-4 weeks)
Exit: RM1.35
Source: AmInvest Research - 24 May 2021
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