KUALA LUMPUR (June 19): AllianceDBS Research said TRC Synergy Bhd (TRC) had on June 18 traded within previous day’s range to form an inside day bar before closing at 36.5 sen (up 0.5 sen or 1.38%).

In its evening edition June 18, the research house said TRC continued to trade above 20-day (blue) and 50-day (red) moving average lines.

It said the inside day bar indicated a breather in the game play.

“Following the weak up close on June 18, the stock is likely to move lower with immediate support at 35 sen.

“A fall below 35 sen should see further price decline to the subsequent support zone, 31 sen – 32.5 sen.

“The hurdle is pegged at 38 sen. A rise above 38 sen would see the stock gearing towards the next resistance zone, 41 sen – 45 sen,”it said.

AllianceDBS Research said stock volume traded on June 18 was 4.67 million shares compared to the 3-month average volume of 2.01 million shares.