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. The 21-day SMA line is likely to begin turning upwards, thereby enhancing the positive sentiment. A positive bias may emerge above the MYR1.30 level, with an exit set below the MYR1.20 mark. Towards the upside, the immediate resistance is at the MYR1.50 level, followed by the MYR1.60 threshold.
Source: RHB Securities Research - 3 Jan 2020
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