Greatech Technology is set for a counter-trend rebound as it staged a technical breakout above the MYR3.70 spot last Friday – surpassing the 21-day average line. If it manages to stay above that level, the stock may climb further towards the MYR3.87 resistance, followed by MYR3.97 or 3 Jun’s high. If it falls below the support level of MYR3.51, the stock may trend downwards below the average line.
Source: RHB Securities Research - 27 Jun 2022
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