Advancecon Holdings Bhd (5281)

• ADVCON gained 5% or 2 sen to close at RM0.42 last Friday.
• Last Friday’s close saw the price to break its resistance level at RM0.405 with higher-thanaverage trading volume. Share price closed above all key moving averages signalling a bullish momentum on the stock price.
• From here, immediate resistance levels are expected at RM0.425(R1) and RM0.470 (R2).
• On the other hand, support levels are identified at RM0.380 (S1) and RM0.360 (S2).

Source: Rakuten Research - 17 Jun 2019