RHB Retail Research
Technical Analysis - Guan Chong
Guan Chong
Guan Chong may rise higher after it formed a third consecutive white candle. Given that the stock has recorded a new 52-week high lately, the positive sentiment has been enhanced. A bullish bias may emerge above the MYR2.20 level, with an exit set below the MYR2.02 threshold. To the upside, the immediate resistance is at MYR2.40. This is followed by the MYR2.50 level.
Source: RHB Securities Research - 20 Aug 2018
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