RHB Investment Research Reports

Trading Stocks - Guan Chong

rhbinvest
Publish date: Thu, 12 Sep 2024, 09:40 AM
rhbinvest
0 4,268
An official blog in I3investor to publish research reports provided by RHB Research team.

All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com

RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia

Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216

Guan Chong is poised to extend the technical rebound while testing the immediate resistance. The stock printed a fresh bullish candlestick yesterday, showing that market sentiment has turned positive. In the event it breaks past the MYR2.85 resistance, this will attract further buying interest. Riding on this renewed momentum, the counter will climb towards the MYR3 mark, followed by the MYR3.15 level. However, a fall below the MYR2.60 support resumes the correction phase.

Source: RHB Securities Research - 12 Sept 2024

Related Stocks
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment