Greatech Technology formed a long white candle, indicating that the momentum of buying could be strong. Yesterday’s candle sent the stock to its new 52-week high, thereby enhancing the bullish sentiment. A positive bias may emerge above the MYR3.50 level, with an exit set below the MYR3.20 threshold. Towards the upside, the immediate resistance is at the MYR4.20 mark, followed by the MYR4.50 level.
Source: RHB Securities Research - 26 Feb 2020
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