Greatech Technology is poised for a technical breakout, as it bounced towards the immediate resistance of MYR4.92 yesterday following recent pullback – printing a “higher low” bullish pattern. If it manages to surpass this point, bullish momentum may propel the stock towards the MYR5.59 level, before heading for the MYR6.39 point. Conversely, a fall below the MYR4.51 support level would trigger selling pressure as it forms a “lower low” bearish pattern.

Source: RHB Securities Research - 31 Mar 2022