RHB Retail Research
Trading Stocks - Ann Joo Resources
Ann Joo Resources formed a long white candle, indicating that the momentum of buying could be strong. This can be viewed as a continuation of the bulls extending the rebound from 29 May’s “Hammer” pattern. A bullish bias may appear above the MYR1.55 level, with an exit set below the MYR1.41 threshold. Towards the upside, the near-term resistance is at MYR1.73. This is followed by the MYR1.82 level.
Source: RHB Securities Research - 14 Jun 2019
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