• GCAP surged 21.1% or RM0.23 to RM1.32 yesterday.
• Chart-wise, the stock is gaining strong buying momentum supported by a series of bullish breakout on the back of higher trading volume. Based on the price action movements, share price is likely to continue with its bullish run possibly charting new highs.
• From here, resistance levels are expected at RM1.47 (R1) and RM1.68 (R2) level.
• For the downside, support levels are at RM1.00 (S1) and RM0.85 (S2).
Source: Rakuten Research - 10 Dec 2020
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Created by rakutentrade | Nov 05, 2024