RHB Retail Research
Trading Stocks - Grand-Flo
Grand-Flo saw a gap up with higher trading volume. The trading volume has increased over two consecutive sessions. If the stock crosses the immediate resistance level at MYR0.27, the positive momentum will drive it towards the next resistance level pegged at MYR0.29 followed by MYR0.315. A downside breach of the MYR0.245 support would nullify this expectation and see further share price correction.
Source: RHB Securities Research - 9 Dec 2020
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