Daily Trading Stocks : Guan Chong Bhd

Guan Chong is likely to  climb higher if it closes above its all-time high of RM3.10. A position can be initiated above the level with a close below  the  psychological RM3.00 as  a stop-loss. The price target is RM4.10 and selling is also anticipated at RM3.70. Failure to break higher could see the stock continue its sideways move, with supports at RM2.60 and RM2.40.

Source: OSK