RHB Retail Research says Advancecon Holdings Berhad formed a white candle, which crossed above the MYR0.395 resistance – this suggests a positive follow through from the recent “Bullish Harami” formation.
In a trading note, the research house says a positive bias may emerge above MYR0.395, with resistance levels eyed at MYR0.415 followed by MYR0.435.
“A stop-loss can be set below MYR0.39,” it says.
