Guan Chong may climb higher after forming another white candle and hitting its new 52-week high. As the 21-day SMA line is likely to turn higher, it would appear that the bullish sentiment has been enhanced. A bullish bias may appear above the MYR3.95 level, with an exit set below the MYR3.70 threshold. Towards the upside, the near-term resistance is at MYR4.30. This is followed by the MYR4.50 level.

Source: RHB Securities Research - 2 May 2019