RHB Retail Research
Trading Stocks - Guan Chong
Guan Chong was testing the MYR3.00 level lately. A bullish bias may be present above this point, with a target price of MYR3.30, followed by MYR3.50. The stock may consolidate further if it cannot breach above the MYR3.00 threshold in the near term. Support may be found at MYR2.70, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 11 Dec 2019
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