RHB Retail Research: Advancecon likely to resume uptrend

RHB Retail Research says Advancecon Holdings Berhad formed a third consecutive white candle to cross above the 21-day SMA line. There is a good chance that the stock has completed its 3-month consolidation phase, and it is in the process of resuming its uptrend.

In a trading note, the research house says a positive bias may emerge above RM0.37, with resistance points pegged at RM0.41 and RM0.43.

This positive expectation should remain in place, if the RM0.37 support is not breached.

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