ASTRO turned bullish in the last trading hour to gain 3 sen at RM3.03. On the daily chart, ASTRO has formed a bullish “Hammer” reversal candlestick pattern. Hence, we believe the stock is poised to rebound from last week heavy sell-off. Nevertheless, we suggest that traders wait for a further bullish candlestick to confirm the follow-through momentum before entering into a trade.
Source: Kenanga