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AmInvest Research Reports

Author: AmInvest   |   Latest post: Wed, 2 Dec 2020, 2:58 PM

 

Stocks on Radar- Gadang Holdings (9261)

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Gadang Holdings was testing the resistance level RM0.49 in its recent session with higher trading volume. With the momentum indicator RSI pointing upwards, we see that it may soon break out from the resistance level. If this happens, expect it to travel towards the short-term target prices of RM0.53 and RM0.57. The downside support is anticipated at RM0.425, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.49

Target: RM0.53, RM0.57 (time frame: 2-4 weeks)

Exit: RM0.425

Source: AmInvest Research - 28 May 2020

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Labels: GADANG

Related Stocks

Chart Stock Name Last Change Volume 
GADANG 0.445 +0.005 (1.14%) 12,886,200 

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