Rakuten Trade Research Reports

Technical View - Guan Chong Berhad

rakutentrade
Publish date: Mon, 01 Aug 2022, 10:09 AM
rakutentrade
0 2,152
An official blog in I3investor to publish research reports provided by Rakuten Trade research team.

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

Guan Chong Berhad (GCB, 5102)

• Share price closed 6.6% higher at RM2.42 on Friday.

• GCB broke out from its resistance twice yesterday at RM2.27 and RM2.40 and formed a white marubozu candlestick. It also closed above its MA 20 and MA 50 lines. As the indicators are showing uptick momentum, share price is expected to move higher.

• Resistance levels are identified at RM2.56 (R1) and RM2.63 (R2).

• On the flipside, support levels are pegged at RM2.18 (S1) and RM2.15 (S2).

Source: Rakuten Research - 1 Aug 2022

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment