RHB Retail Research
Trading Stocks - Ancom
Ancom is resuming the uptrend after it breached the immediate resistance on strong volume yesterday. A bullish bias has emerged above the MYR1.46 resistance-turned-support level. As such, the stock may head north to test the next resistance of MYR1.56, followed by MYR1.60. Meanwhile, a reversal below MYR1.39 would negate this expectation.
Source: RHB Securities Research - 20 Apr 2021
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