Greatech poised to print new high, says RHB Retail Research

Greatech poised to print new high, says RHB Retail Research
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KUALA LUMPUR (August 2): RHB Retail Research said Greatech Technology Bhd is poised to print a new high as it bounced off its support, forming a “Bullish Marubozu” candlestick.

In a trading stocks note today, the research house said if the stock manages to break above the immediate resistance of RM6.46, the bullish momentum may propel the stock higher towards the recent high of RM6.75, and then RM7.00 – the possible new high.

“Meanwhile, breaking below the RM6.20 support will invalidate this expectation,” it said.