GHL Systems is undergoing a sideways consolidation phase – it was trading in the narrow area between the immediate support and resistance recently. If it manages to break away from the immediate resistance of MYR1.82, a bullish bias may emerge. If that happens, the bullish momentum should lift the stock further towards the next hurdle of MYR1.89, followed by MYR2.05. In the event the stock falls below the MYR1.75 support, this expectation would no longer be valid.

Source: RHB Securities Research - 15 Jul 2021