RHB Retail Research
Trading Stocks - Guan Chong
Guan Chong may move higher after it continued holding above the MYR3.33 support. As the stock recently rose above the 21-day SMA line, this indicates a positive sign. A positive bias may emerge above the MYR3.60 level, with an exit set below the MYR3.33 threshold. Towards the upside, the immediate resistance is at the MYR3.90 level. This is followed by the MYR4.24 level.
Source: RHB Securities Research - 18 Jul 2019
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