Rakuten Trade Research Reports
Technical View - Ancom Bhd (ANCOM, 4758)
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Publish date: Fri, 24 Apr 2020, 09:25 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
Ancom Bhd (4758)
• ANCOM closed 4.0% or 2.5 sen higher to RM0.655 yesterday.
• Share price is on a bullish uptrend, trading above key moving averages on the back of higher trading volume recently. Should buying momentum continue it would head towards RM0.70 level and beyond.
• Resistance levels are identified at RM0.68 (R1) and RM0.75 (R2)
• On the flipside, support levels are expected at RM0.58 (S1) and RM0.53 (S2).
Source: Rakuten Research - 24 Apr 2020
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