GUH Holdings is poised for a technical breakout, after it attempted to get past the immediate resistance of MYR0.595 on improving volume – firming up its “higher low” bullish pattern. If a breakout occurs above this level, bullish momentum may follow through towards the MYR0.675 resistance level, which was its 52-week high, followed by the higher resistance at MYR0.75. If it falls beneath the MYR0.545 support level, momentum may dissipate.

Source: RHB Securities Research - 20 Oct 2021