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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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

GCB (5102)
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