RHB Retail Research
Trading Stocks - Advancecon
Advancecon formed a white candle and at the closing, crossed above the MYR0.44 resistance level. This suggests the upward move that started from the 3 Sep’s “Hammer” formation is extending. Towards the upside, resistance points are pegged at MYR0.485, followed by MYR0.50. A stop-loss can be placed below MYR0.42.
Source: RHB Securities Research - 15 Oct 2019
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