GHL Systems is resuming its upward movement as it bounced off the support level and moved away from the recent consolidation phase on strong trading volume – forming a “higher high” pattern. The bullish momentum that emerged above the immediate support of MYR1.90 would lead the stock towards the next hurdle of MYR2.00 before reaching the historical high at MYR2.17. On the other hand, falling below the MYR1.84 support may see the stock moving downwards.

Source: RHB Securities Research - 3 Aug 2021