Greatech set for uptrend rebound, says RHB Retail Research

TheEdge Thu, Feb 22, 2024 08:05am - 1 month View Original


KUALA LUMPUR (Feb 22): RHB Retail Research said Greatech Technology Bhd is set for an uptrend rebound after it bounced off the 21-day simple moving average line and breached the RM4.71 immediate resistance with improved volume.

In a trading stocks note on Thursday, the research house said that the bullish bias above that level may see the stock trending upwards towards the RM5 threshold, followed by the next resistance at RM5.20.

“However, if the price falls below the RM4.50 support, it would signal the reversal of the trend,” it said.

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