RHB Retail Research
Trading Stocks - Ancom Logistics
Ancom Logistics is attempting to break away from its consolidation zone, testing the immediate resistance of MYR0.355 on higher trading volumes. If the stock climb above the immediate resistance level, a bullish bias will emerge. We expect a follow-through momentum to send the stock higher at MYR0.41, followed by MYR0.46. Meanwhile, falling below the MYR0.31 support may see negative momentum emerge.
Source: RHB Securities Research - 22 Jul 2021
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