RHB Retail Research

Trading Stocks - Grand-Flo

rhboskres
Publish date: Mon, 28 Dec 2020, 08:46 AM
rhboskres
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RHB Retail Research

Grand-Flo is staging a breakout. Last Friday, it surged above the resistance level of MYR0.30 on higher trading volume. With the latest positive price action, we believe the bullish momentum is gaining traction – which may extend the uptrend towards the next resistance level of MYR0.33, followed by MYR0.36. Meanwhile, a downward breach of the MYR0.275 support should negate this expectation.

Source: RHB Securities Research - 28 Dec 2020

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