ANN JOO RESOURCES BHD Stock Code: 6556
• Yesterday, ANNJOO gained an impressive 22 sen (6.4%) to close at intraday high of RM3.63.
• Yesterday’s move marked a first breakthrough from a two-month period of consolidation.
• Uptick in MACD to crossover its Signal-line, coupled with the share price closing above its 20-day SMA for the first time in two months could signal a bullish turn in its technical picture.
• From here, watch out for an immediate overhead resistance at RM3.98 (R1), the all-time high, with a higher resistance at RM4.41 (R2).
• Downside supports can be found at RM3.29 (S1) and RM3.08 (S2).
source: Kenanga Research – 14/02/2018
ANN JOO RESOURCES BERHAD
The principal activity of the Company is investment holding. The principal activities of its subsidiaries are property management and management services Trading retailing importing exporting and supplying of all kinds of metal products manufacturing sales and distribution of steel and iron products and steel service centre.
