Rakuten Trade Research Reports
Technical View - GUH Holdings Berhad
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Publish date: Thu, 25 Aug 2022, 12:34 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
GUH Holdings Berhad (GUH, 3247)
• Share price closed 11.6% higher at RM0.48 on Wednesday.
• GUH formed a morning doji star candlestick with strong buying volume yesterday. It announced a better 2Q results on 22nd August of RM1.24m, which was a turnaround from losses recorded in the 1Q. The indicators showed an uptick momentum thus share price is expected to go higher.
• Resistance levels are identified at RM0.49 (R1) and RM0.495 (R2).
• On the flipside, support levels are pegged at RM0.395 (S1) and RM0.39 (S2).
Source: Rakuten Research - 25 Aug 2022
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