KUALA LUMPUR (March 25): RHB Retail Research said Guan Chong Bhd may rebound further after it tested the RM1.50 support lately.

In a trading stocks note today, the research house said yesterday’s candle sent the stock to its 1-week high, thereby enhancing the bullish sentiment.

“An upbeat bias may emerge above the RM1.80 level, with an exit set below the RM1.50 mark.

“Towards the upside, the immediate resistance is at the RM2.30 level, followed by the RM2.50 threshold,” it said.

Stay home. Get the news from theedgemarkets.com.