Ann Joo
Resources
AFTER peaking at RM3.66 on Feb 4, Ann Joo Resources tripped into correction mode in an apparent profit-taking activity. The 14-day relative strength index maintains a weak posture while the moving-average convergence indicator continues to expand negatively against the signal line, implying further consolidation in the near term. The initial downside support is anticipated at RM2.87, followed by RM2.65. Resistance is pegged at RM3.10.
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