AYS Ventures Bhd (AYS, 5021)

• Share price closed 2.46% higher at RM0.625 on Wednesday.

• AYS had morning doji star in the past 3 trading days after a slight correction. It is now trading above the MA 20 and MA 200 lines.

• Backed by upticks in both indicators and mid term uptrend, AYS is poised to move higher.

• Resistance levels are identified at RM0.70 (R1) and RM0.79 (R2).

• On the flipside, support levels are pegged at RM0.605 (S1) and RM0.53 (S2).

Source: Rakuten Research - 23 Dec 2021