AmInvest Research Reports

Author: AmInvest   |   Latest post: Wed, 2 Dec 2020, 8:52 AM


Stocks on Radar - Guan Chong (5102)

Author:   |    Publish date:

Guan Chong rebounded from its low and may move higher to test the RM2.70 resistance level. With the RSI indicator above the 50% threshold, coupled with higher trading volume, there is a possibility it will experience a technical breakout if it trades above the resistance level. If this happens, expect it to travel towards the short-term target price of RM2.80 followed by RM2.91. In this case, the downside support is marked at RM2.53, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM2.70

Target: RM2.80, RM2.91 (time frame: 2-4 weeks)

Exit: RM2.53

Source: AmInvest Research - 1 Jul 2020

Share this
Labels: GCB

Related Stocks

Chart Stock Name Last Change Volume 
GCB 2.86 -0.02 (0.69%) 314,800 

  Be the first to like this.

I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View candlestick stock charts with Technical indicators
MQ Affiliate
Be rewarded by being an MQ Affiliate

495  416  647  836 

Top 10 Active Counters
 AT 0.205-0.005 
 BIOHLDG 0.36+0.005 
 LAMBO 0.0350.00 
 ASIABIO-OR 0.0150.00 
 XOX 0.105-0.005 
 AEM 0.18+0.005 
 PARKSON 0.17+0.01 
 PHB-WB 0.020.00 
 SANICHI 0.0650.00 
 VSOLAR 0.04-0.005 


1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!