RHB Retail Research
Trading Stocks - Guan Chong
Guan Chong has been trading in a possible “Bull Flag” pattern since Aug 2020. The stock attempted to break out from this formation in the latest session. A breakout would be confirmed should the stock cross above MYR3.05, followed by subsequent resistance points pegged at MYR3.40 and MYR3.80. A downside breach of MYR2.88 would cancel this trading setup.
Source: RHB Securities Research - 11 Mar 2021
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