GHLSYS’s share price gained 5.0 sen (4.10%), closing at RM1.27 yesterday on the back of stronger trading volume. All 3 SMA’s are also hooking upwards. Key indicators are painting a positive picture as the MACD is well above the Signal line, while RSI and Stochastics are both trending upwards, charting into Overbought territory. Chart-wise, yesterdays close hit the long term resistance level at RM1.27. This implies that should buying momentum persists, share price may retest the RM1.40 (R1), with RM1.53 (R2) next.

 

 

Source: Kenanga