RHB Retail Research
Trading Stocks - Guan Chong
Guan Chong may rebound higher after it continued holding above the MYR2.12 support. In view that the 21-day SMA line is likely to begin turning upwards, this implies a positive outlook. An upbeat bias may emerge above the MYR2.27 level, with an exit set below the MYR2.12 mark. Towards the upside, the immediate resistance is at the MYR2.50 level, followed by the MYR2.78 threshold.
Source: RHB Securities Research - 21 Apr 2020
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