RHB Investment Research Reports

Trading Stocks - Autocount Dotcom

rhbinvest
Publish date: Fri, 08 Mar 2024, 11:24 AM
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Autocount Dotcom is set for a technical breakout after bouncing off the 21-day SMA line strongly to breach above the MYR0.70 mark with strong volume yesterday. Riding on the latest “higher high” bullish structure, the counter should climb towards the MYR0.75 resistance, followed by the MYR0.80 mark. Meanwhile, falling below the MYR0.66 immediate support will nullify the bullish setup.

Source: RHB Securities Research - 8 Mar 2024

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