RHB Retail Research
Technical Analysis - Guan Chong
Guan Chong was testing the MYR2.50 level in its latest session. A bullish bias may be present above this point with a target price of MYR2.60, followed by MYR2.70. The stock may take a breather if it cannot breach above the MYR2.50 threshold in the near term. Support may be found at MYR2.35, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 11 Oct 2018
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