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Guan Chong eyeing its historical high, says RHB Retail Research
06 Oct 2021, 07:10 am
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KUALA LUMPUR (Oct 6): RHB Retail Research said Guan Chong Bhd is eyeing its historical high as it breached the recent high of RM3.08 on surging volume – forming a “higher high” bullish pattern.

In a trading stocks note on Wednesday, the research house said if the stock stays above that level, the bullish momentum may lift the stock towards the RM3.43 resistance, followed by the RM3.79 all-time high.

“Meanwhile, the stock may move downwards if it falls beneath the RM2.91 support – printing a “lower low” bearish structure,” it said.

 

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