RHB Retail Research
Trading Stocks - Grand-Flo
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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