Rakuten Trade Research Reports
Technical View - Ancom Bhd (ANCOM,4758)
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Publish date: Wed, 03 Jun 2020, 09:01 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 1 sen or 1.26% lower to RM0.785 yesterday.
• Share price remains on bullish uptrend trading above key moving average on the back of higher volume. Chart-wise, share price is expected to stage breakout above RM0.85 and head towards RM1.00 based on positive technical indicators and strong buying momentum.
• From here, resistance levels are identified at RM0.80 (R1) and RM0.90 (R2).
• On the downside, support levels are seen at RM0.75 (S1) and RM0.70 (S2).
Source: Rakuten Research - 3 Jun 2020
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