Rakuten Trade Research Reports
Technical View - Ancom Nylex Berhad
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Publish date: Mon, 19 Sep 2022, 09:57 AM
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Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Ancom Nylex Berhad (ANCOMNY, 4758)
• Share price closed 7.03% higher at RM0.99 on Thursday.
• ANCOMNY had a white marubozu candlestick and closed above the MA 20 and MA 50 lines last Thursday with high buying interest. With a bullish MACD crossover and indicators showing uptick, share price is expected to move higher.
• Resistance levels are identified at RM1.02 (R1) and RM1.09 (R2).
• On the flipside, support levels are pegged at RM0.92 (S1) and RM0.905 (S2).
Source: Rakuten Research - 19 Sept 2022
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