RHB Retail Research
Trading Stocks - Guan Chong
Guan Chong may climb higher after formng a long white candle and leaving an upside gap. This close has sent the stock to its highest close in more than two months, thereby enhancing the positive sentiment. A positive bias may emerge above the MYR3.80 level, with an exit set below the MYR3.40 threshold. Towards the upside, the immediate resistance is at the MYR4.20 level. This is followed by the MYR4.50 level.
Source: RHB Securities Research - 21 Aug 2019
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