RHB Retail Research
Technical Analysis - GHL Systems
GHL Systems may trend higher after it formed a long white candle and breached above the MYR1.70 threshold. This close has sent the stock to its new 52-week high, thereby enhancing the positive sentiment. A bullish bias may emerge above the MYR1.70 level, with an exit set below the MYR1.53 threshold. To the upside, the immediate resistance is at MYR1.87. This is followed by the MYR2.00 level.
Source: RHB Securities Research - 4 Oct 2018
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