RHB Retail Research
Technical Analysis - Guan Chong
Guan Chong was testing the MYR2.80 level in its latest session. A bullish bias may be present above this point with a target price of MYR2.93, followed by MYR3.06. The stock may take a breather if it cannot breach above the MYR2.80 threshold in the coming sessions. Support may be found at MYR2.60, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 24 Dec 2018
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