Rakuten Trade Research Reports
Technical View - Ann Joo Resources Bhd (ANNJOO, 6556)
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Publish date: Mon, 16 Dec 2019, 12:26 PM
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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
Ann Joo Resources Bhd (6556)
• ANNJOO closed 8 sen or 7.5% higher to RM1.15 last Friday.
• ANNJOO has bottomed out following the rebound from its 52-week low of RM0.95 to current level. Recent share price recovery suggests renewed buying interest and is likely to move higher to around the RM1.40 level.
• As such, resistance levels are expected at RM1.28 (R1) and RM1.40 (R2).
• On the flipside, support levels can be identified at RM1.00 (S1) and RM0.95 (S2).
Source: Rakuten Research - 16 Dec 2019
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