Guan Chong may rebound further after it tested MYR3.45 support lately. Given that it has formed a white candle for the second consecutive day, the positive sentiment has been enhanced. A bullish bias may appear above the MYR3.60 level, with an exit set below the MYR3.45 threshold. Towards the upside, the near-term resistance is at MYR3.86. This is followed by the MYR4.00 level.

Source: RHB Securities Research - 4 Apr 2019