RHB Retail Research
Trading Stocks - Advancecon
Advancecon may move higher after it continued holding above the MYR0.32 support. Given that it has formed a long white candle above the 21-day SMA line, this means that the bullish sentiment has been enhanced. A positive bias may appear above the MYR0.36 level, with an exit set below the MYR0.32 threshold. Towards the upside, the near-term resistance is at MYR0.405. This is followed by the MYR0.45 level.
Source: RHB Securities Research - 8 Mar 2019
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