RHB Retail Research
Trading Stocks - Guan Chong
Guan Chong was testing the MYR3.17 level in its latest session. A bullish bias may be present above this point, with a target price of MYR3.30, followed by MYR3.50. The stock may take a breather if it cannot breach above the MYR3.17 mark decisively in the coming sessions. Support may be found at MYR2.98, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 20 Jan 2020
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