Guan Chong Bhd.
Long

GCB - Near 52 Week Low

103
GCB - CURRENT PRICE : RM1.13

GCB is in a downtrend as the highs and lows both getting low. The stock is near 52 Week Low. However, the stock may rebound higher for short term as there is a bullish divergence in RSI. Price is making lower low while RSI making higher low. Rising in RSI reading indicating there is slightly bullish momentum picking up. Aggressive trader may anticipate for buying with tight stop loss level.

ENTRY PRICE : RM1.13
TARGET : RM1.20 (+6.30%)
SUPPORT : RM1.10 (-2.65)

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