GuocoLeisure (technical)

GuocoLeisure: Technical Buy Call by OCBC. Note that GuocoLeisure is likely to see further recovery after rebounding off its 4-month uptrend support recently; this was followed by a strong bullish break above the $0.80 key resistance on heavy volume yesterday. The MACD has just initiated a sharp bullish crossover; this suggests that the upside momentum is accelerating. Next resistance at $0.90. The counter could head higher towards the next key obstacle at around $0.90 (key peak) in the weeks ahead.