RHB Retail Research
Trading Stocks - Alcom Group
Alcom Group attempted to break above its resistance on the back of yesterday’s higher trading volume. This upward movement is likely to extend if it manages to surpass the immediate resistance level of MYR0.725. The next resistance levels are marked at MYR0.75 and the multi-month high of MYR0.81. This expectation will be invalidated if the MYR0.68 support fails.
Source: RHB Securities Research - 24 Mar 2021
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