Possible for trend reversal. GUH is potentially staging a breakaway from its current downtrend, with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.450 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.475.
However, failure to hold on to support level of RM0.410 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 8 Aug 2023
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