RHB Retail Research

Trading Stocks - BCM Alliance

rhboskres
Publish date: Tue, 20 Oct 2020, 11:07 AM
rhboskres
0 9,021
RHB Retail Research

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

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment