GCB Daily Chart
GCB opened gap up with Bollinger Band (BB) opened wider and higher than average traded volume after nearly 2 hours after the session starts today. In addition, middle BB line, which is also the 10-days Moving Average is heading upwards indicating the bull should lead GCB goes higher ahead.
The 65-days Moving Average (solid blue line) becomes the support for GCB since 25/8/2016, where it was hovering within this line created a consolidation or ranging phase whereby the bull stands firm on this support level with no panic selling in this period after a big correction since 15/1/2016.
Should the bull successfully leads GCB to climb higher in the coming trading days, the next target it would be heading is the resistance level at MYR1.09.
Good luck and happy trading!
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