RHB Retail Research
Trading Stocks - Greatech Technology
Greatech’s upward momentum may have returned as it remained above the rising 21-day SMA line. Given that the stock has formed a “Hammer” pattern on 28 Feb, this indicates a potential rebound. A positive bias may emerge above the MYR3.23 level, with an exit set below the MYR3.06 threshold. Towards the upside, the immediate resistance is at the MYR3.88 mark. This is followed by the MYR4.20 level.
Source: RHB Securities Research - 3 Mar 2020
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