GSB Group’s buying momentum may have returned after it rose above the 21-day SMA line. 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 MYR0.18 level, with an exit set below the MYR0.165 threshold. Towards the upside, the near-term resistance is at MYR0.20. This is followed by the MYR0.21 level.
Source: RHB Securities Research - 10 Jun 2019
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Created by rhboskres | Aug 26, 2024