Yesterday, GBGAQRS rose 10.0 sen or +7.87% to close at RM1.37. Trading volume was high, and the share price has broken out from the downward-sloping trend line, indicating that the long-term downtrend may be coming to an end. Additionally, as key indicators (MACD, RSI and Stochastic) have all turned bullish, we reckon that the share price may rally to the immediate resistances at RM1.50 and RM1.70. Meanwhile, a stop-loss should be placed just below the recent support at RM1.27.

 

 

Source: Kenanga