RHB Retail Research

Trading Stocks - Ancom Logistics

rhboskres
Publish date: Thu, 22 Jul 2021, 05:40 PM
rhboskres
0 9,021
RHB Retail Research

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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