RHB Retail Research
Trading Stocks - Three-A Resources
Three-A Resources’ buying momentum may have returned after it rose above the 21-day SMA line. Yesterday’s candle can be viewed as a continuation of the bulls extending the rebound from 6 May’s “Hammer” pattern. A bullish bias may emerge above the MYR0.915 level, with an exit set below the MYR0.885 threshold. Towards the upside, the immediate resistance is at MYR0.97. This is followed by the MYR1.00 level.
Source: RHB Securities Research - 10 May 2019
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