RHB Retail Research
Trading Stocks - Guan Chong
Guan Chong may rebound higher after it continued holding above the MYR3.32 support. The stock formed another white candle and leaving an upside gap, this indicates a positive sign. A bullish bias may appear above the MYR3.53 level, with an exit set below the MYR3.32 threshold. Towards the upside, the near-term resistance is at MYR3.80. This is followed by the MYR4.00 level.
Source: RHB Securities Research - 13 Aug 2019
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