RHB Retail Research
Technical Analysis - GHL Systems
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GHL Systems may trend higher after it formed another white candle and breached above the MYR1.60 threshold. This close has sent the stock to its highest close in nearly eight months, thereby enhancing the positive sentiment. A bullish bias may emerge above the MYR1.60 level, with an exit set below the MYR1.43 threshold. Towards the upside, the immediate resistance is at MYR1.74. This is followed by the MYR1.80 level.
Source: RHB Securities Research - 2 Jul 2018
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