RHB Investment Research Reports
Trading Stocks - Ancom Nylex
rhbinvest
Publish date: Wed, 20 Apr 2022, 08:46 AM
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Ancom Nylex is set to reclaim its historical high as it bounced off the 21-day average line, crossing above the MYR3.80 mark on high volume. If the buying interest persists, the bulls are expected to propel further upwards to the MYR4.00 psychological level, before heading towards the all-time high at MYR4.10. Meanwhile, a fall below MYR3.64 may trigger the resumption of a downward correction, falling below the average line.
Source: RHB Securities Research - 20 Apr 2022
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