AT gained 2 sens or 20% to 12 sens on Monday with very high volume of 612 million.
AT at this moment is on its major wave 3. Even though it has not yet moved higher than its June's high of 16 sens, but its OBV has already broken out of its previous high. An OBV breakout indicates strong accumulation and is often followed by a price breakout.
After the market closed, New Straits Times published an article on 'AT diversifies into glove manufacturing', click the headline for the article.
In fact on July 1, AT has informed Bursa Malaysia Malaysia of its proposal to acquire the entire equity interest in Pear Glove (Malaysia) Sdn Bhd. The acquisition is expected to be completed before end of September 2020.
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