GUH Holdings is poised to propel higher as it attempted to move past the immediate resistance of MYR0.60 for two consecutive sessions – while forming a “higher low” and “higher high” bullish pattern. If it manages to push past that level, expect a followthrough bullish momentum to propel the stock further towards the MYR0.655 resistance, then MYR0.75. Conversely, falling below the support level of MYR0.555 will cancel this expectation.

Source: RHB Securities Research - 24 Dec 2021