Possible for further recovery. ACME is potentially staging stronger recovery form its consolidation phase, with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.190 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.200.
However, failure to hold on to support level of RM0.165 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 27 Jan 2022