Rakuten Trade Research Reports
Technical View - Ancom Logistics Bhd
rakutentrade
Publish date: Fri, 13 May 2022, 05:15 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
Ancom Logistics Bhd (ANCOMLB, 0048)
• Share price closed 7.0% higher at RM0.23 on Monday.
• ANCOMLB is forming a rounding bottom with higher trading volume recently. Its share price is also trading above both MA20 and MA50.
• Coupled with upticks in its indicators, its share price is expected to move higher.
• Resistance levels are identified at RM0.245 (R1) and RM0.315 (R2).
• On the flipside, support levels are pegged at RM0.210 (S1) and RM0.175 (S2).
Source: Rakuten Research - 13 May 2022
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