RHB Retail Research
Trading Stocks - Grand-Flo
Grand-Flo is expected to retest the recent historical high after it bounced off its 21-day SMA line while breaching above the previous resistance yesterday. If the bullish momentum holds the price above the MYR0.635 immediate support level, the stock may then travel towards the next hurdle of MYR0.705, followed by MYR0.73. This expectation would be cancelled if the stock falls below the MYR0.60 support level.
Source: RHB Securities Research - 16 Jun 2021
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