Greatech Technology is poised for an uptrend reversal after it climbed positively to hit the MYR3.80 level yesterday on high volumes. If a breakout happens above that level, the stock may propel further towards the MYR4.14 strong resistance – April’s consolidation level. This is then followed by the next resistance at MYR4.44. If it falls below the immediate support of MYR3.58 – forming a “lower low” bearish pattern –the stock may trend downwards.

Source: RHB Securities Research - 27 May 2022