Ancom should climb higher after posting a new 52-week high yesterday. A purchase can be made above RM0.40, with a close below yesterday’s low of RM0.395 as a stop-loss. The price target is the psychological RM0.50, with resistance seen at RM0.46. Failure to stay above RM0.40 should see it sideways with supports at RM0.37 and RM0.34.
Source: OSK
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