RHB Retail Research
Technical Analysis - GHL Systems
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GHL Systems may trend higher after it formed a second consecutive white candle. Yesterday’s candle can be viewed as a continuation of the bulls extending the rebound from 11 Jun’s “Hammer” pattern. A bullish bias may appear above the MYR1.53 level, with an exit set below the MYR1.43 threshold. Towards the upside, the near-term resistance is at MYR1.62. This is followed by the MYR1.74 level.
Source: RHB Securities Research - 22 Jun 2018
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