RHB Retail Research
Trading Stocks - Ann Joo Resources
Ann Joo Resources is set to trade higher as it surpassed the immediate resistance of MYR2.73 with improved volume – forming a “White Marubozu” candlestick. Bullish momentum above that level is expected to follow through to propel the stock towards the MYR2.99 resistance, followed by MYR3.18 – its 52- week high. Meanwhile, if it falls beneath the MYR2.59 support, the momentum might be reversed.
Source: RHB Securities Research - 13 Oct 2021
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