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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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 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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