Rakuten Trade Research Reports
Technical View - Guan Chong Berhad
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Publish date: Wed, 17 Aug 2022, 12:29 PM
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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
Guan Chong Berhad (GCB, 5102)
• Share price closed 1.7% higher at RM2.45 on Tuesday.
• GCB broke out from its resistance level of RM2.44 yesterday and closed above its MA 50 line.. The indicators are also showing uptick momentum, therefore 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 RM2.24 (S1) and RM2.18 (S2).
Source: Rakuten Research - 17 Aug 2022
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