RHB Retail Research
Trading Stocks - Greatech Technology
Greatech Technology breached above its recent resistance in the wake of a surge in trading volume. This, on top of it breaking above the 21-day SMA line, implies a bullish bias, which should emerge above MYR5.45. As such, the stock may move upwards to approach the next resistance level of MYR5.78, then the psychological level of MYR6.00. If the support level of MYR5.24 is breached, this trading set-up would be invalidated.
Source: RHB Securities Research - 5 Apr 2021
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