Yesterday, GHLSYS gained 3.0 sen (2.0%), closing at RM1.56 on stronger-than-average trading volume.
Trend has been positive with subsequent formation of higher highs and higher lows after the share bottomed-out in early-Apr.
Technical indicators are seemingly supportive for a bullish outlook, backed by continuous upwards movements in the MACD while key SMAs currently in “Golden Cross” state.
Follow-through buying could see the share continue trending towards resistances at RM1.62 (R1) and RM1.80 (R2).
Conversely, support levels can be found at RM1.50 (S1) and RM1.42 (S2).
CCK (Not Rated)
CCK gained 2.0 sen (2.17%) to end at RM0.940, on above-average volume.
Yesterday’s intraday movement displayed CCK’s ability to the run against the broader weak market sentiment, which may be deemed to be a signal of strength.
Technical outlook remains mildly positive with the stock leading key SMAs higher, while indicators are still decent albeit with some pullback of late.
Support levels are identified at RM0.890 (S1) and RM0.810 (S2), where keen investors may time their entry.
Conversely, foresee resistances at RM1.03 (R1) and RM1.16 (R2).
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