Rakuten Trade Research Reports
Technical View - GUH Holdings Bhd
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Publish date: Tue, 26 Oct 2021, 09:22 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
GUH Holdings Bhd (GUH, 3247)
• Share price closed 4.2% higher at RM0.640 on Monday.
• GUH has broken out from its pennant pattern with high volume and see higher lows since 21 Sept.
• The share price is now trading above all key moving averages since 11 Oct. Backed by upticks in its indicators, the share price is poised to move higher.
• Resistance levels are identified at RM0.665 (R1) and RM0.675 (R2).
• On the flipside, support levels are pegged at RM0.600 (S1) and RM0.585 (S2).
Source: Rakuten Research - 26 Oct 2021
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