Rakuten Trade Research Reports
Technical View - Ahmad Zaki Resources Bhd (AZRB, 7078)
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Publish date: Tue, 26 Mar 2019, 08:59 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Ahmad Zaki Resources Bhd (7078)
- AZRB gained 0.5 sen or 1% higher to RM0.51 yesterday.
- AZRB formed its second consecutive white candle yesterday with higher volume and continues to close above the upward sloping key moving averages. From here, we expect buying interest to persist supported by the news on ECRL revival that is expected to benefit the construction sector.
- Resistance levels are found at RM0.525 (R1) and further to RM0.540 (R2)
- Conversely, support levels are identified at RM0.460 (S1) and RM0.400 (S2).
Source: Rakuten Research - 26 Mar 2019
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