RHB Retail Research
Trading Stocks - Ann Joo Resources
Ann Joo Resources may rebound higher after it continued holding above the MYR1.12 support. Given that it has formed a white candle for a second consecutive session, the positive sentiment has been enhanced. A positive bias may emerge above the MYR1.22 level, with an exit set below the MYR1.12 mark. Towards the upside, the immediate resistance is at the MYR1.40 level, followed by the MYR1.50 threshold.
Source: RHB Securities Research - 17 Feb 2020
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