AYS Ventures poised to resume uptrend reversal, says RHB Retail Research

TheEdge Fri, Dec 24, 2021 07:16am - 2 years View Original


KUALA LUMPUR (Dec 24): RHB Retail Research said AYS Ventures Bhd is poised to resume its uptrend reversal as it attempted to push past the immediate resistance of 65.5 sen on stronger volume – printing a “White Marubozu” bullish candlestick.

In a trading stocks note today, the research house said if the stock manages to breach that level, the positive momentum may propel it towards the 70 sen resistance, then the 80 sen mark.

“This expectation will be nullified if it falls below the 60.5 sen support level,” it said.

 

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