RHB Retail Research
Trading Stocks - Ancom Logistics
Ancom Logistics surged with a higher trading volume, attempting to break out from the immediate resistance marked at MYR0.44. A successful breakout from the resistance will see an uptrend resumption and the stock may move higher to test the next hurdle at MYR0.47 – this is followed by MYR0.50. A downside breach of the MYR0.39 support will negate this expectation, and should result in a stock price correction.
Source: RHB Securities Research - 28 Dec 2020
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