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