RHB Retail Research
Trading Stocks - BCM Alliance
BCM Alliance is attempting to breakout from a sideway consolidation zone, rising higher to test the resistance level of MYR0.315. To fulfil the breakout criteria, we need to see it breach the resistance level together with a higher trading volume. If this happens, expect the bullish momentum to reach the next resistance of MYR0.34, followed by MYR0.38. A downside breach of the MYR0.27 support would nullify this expectation.
Source: RHB Securities Research - 20 Oct 2020
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