RHB Retail Research
Technical Analysis - Advancecon
Advancecon
Advancecon may rebound further after it tested the MYR0.36 support in its recent trades. As the stock recovered above the 21-day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR0.45 level, with an exit set below the MYR0.36 threshold. Towards the upside, the near-term resistance is at MYR0.55. This is followed by the MYR0.65 level.
Source: RHB Securities Research - 18 Jun 2018
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