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GCB advanced 10.8% or 38 sen to end at RM3.91 yesterday.
Following their many consecutive quarters of profit growth and proposed bonus issue, share price hit above RM4.00 level yesterday, forming a positive long white candle with high trading volume. With a bullish signal from MACD and upticks in other key momentum indicators, the bullish trend is still intact.
As such, resistance levels are expected at RM4.10 (R1) and possibly heading towards RM4.24 (R2).
On the flipside, support levels are found at RM3.40 (S1) and RM3.20 (S2).
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