RHB Retail Research
Trading Stocks - Advancecon Holdings
Advancecon formed a third consecutive white candle to cross above the 21-day SMA line. There is a good chance that the stock has completed its 3-month consolidation phase, and it is in the process of resuming its uptrend. A positive bias may emerge above MYR0.37, with resistance points pegged at MYR0.41 and MYR0.43. This positive expectation should remain in place, if the MYR0.37 support is not breached.
Source: RHB Securities Research - 17 Sept 2020
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