RHB Retail Research
Trading Stocks - Guan Chong
Guan Chong may move higher after it continued holding above the MYR2.60 support. As the stock rose above the 21- day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR2.78 level, with an exit set below the MYR2.60 threshold. Towards the upside, the near-term resistance is at MYR3.06. This is followed by the MYR3.20 level.
Source: RHB Securities Research - 9 Jan 2019
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