Rakuten Trade Research Reports
Technical View - Ann Joo Resources Bhd
rakutentrade
Publish date: Thu, 30 Sep 2021, 12:20 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 (ANNJOO, 6556)
- ANNJOO closed 3.4% higher at RM2.41 on Wednesday.
- ANNJOO is currently trading at its support level which is the uptrend line (higher lows). There is also a formation of tweezer bottoms at RM2.32 signalling potential change of trend from its short-term correction.
- Backed by an uptick in RSI, we expect buying momentum to continue.
- Resistance levels are identified at RM2.70 (R1) and RM2.99 (R2).
- On the flipside, support levels are pegged at RM2.32 (S1) and RM2.11 (S2).
Source: Rakuten Research - 30 Sept 2021
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