RHB Retail Research
Trading Stocks - Guan Chong
Guan Chong may rebound further after it tested the MYR1.50 support lately. Yesterday’s candle sent the stock to its 1-week high, thereby enhancing the bullish sentiment. An upbeat bias may emerge above the MYR1.80 level, with an exit set below the MYR1.50 mark. Towards the upside, the immediate resistance is at the MYR2.30 level, followed by the MYR2.50 threshold.
Source: RHB Securities Research - 25 Mar 2020
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