RHB Retail Research

Trading Stocks - TA Ann Holdings

Publish date: Thu, 02 Dec 2021, 05:44 PM
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RHB Retail Research

TA Ann Holdings is resuming its uptrend following a recent pullback, as it bounced off its support to breach above the immediate resistance of MYR3.35 on increasing trading volume. If it remains above that level, the bulls may propel the stock towards the MYR3.56 threshold – its highest since Dec 2019 – followed by the next resistance of MYR3.75, its multi-year high. This expectation will be nullified if it falls below the support level of MYR3.20.

Source: RHB Securities Research - 2 Dec 2021

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