Rakuten Trade Research Reports

Technical View - Ahmad Zaki Resources Bhd (AZRB, 7078)

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Publish date: Mon, 15 Apr 2019, 10:50 AM
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Ahmad Zaki Resources Bhd (7078)

  • AZRB gained 1 sen or 1.85% to RM0.55 last Friday.
  • The stock continues to close above its upward sloping moving averages with higher-thanaverage volume traded indicating the uptrend is still intact.
  • Should the buying momentum persist on the back of positive sentiment within the construction sector, we look towards RM0.575 (R1) and RM0.590 (R2) as resistance levels.
  • On the flipside, support levels are expected at RM0.525 (S1) and RM0.505 (S2).

Source: Rakuten Research - 15 Apr 2019

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