ACO GROUP BERHAD
Long

ACO (17/11/2020) on support

114
ACO is ranging between 0.36 and 0.450 for 3 months and currently on bottom of of the parallel channel. Stochastic has reached oversold area and is trying to make an upside move. No sign of breakout from MACD.

With support zone @ 0.32, and resistance at 0.46, the RRR is abount 1:1.6.
The volume still lacks banker chip which explains the sideway movement.

EP 0.37
SL 0.32
TP 0.450
RRR 1:1.6

TAYOR.

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