Gadang Holdings rose above the RM0.66 level and the 21-day SMA line in its latest session. With a healthy RSI level, it may move higher above this mark with a target price of RM0.705, followed by RM0.74. Meanwhile, it may drift sideways if it falls back below the RM0.66 mark in the near term. In this case, support is anticipated at RM0.605, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM0.66

Target: RM0.705, RM0.74 (time frame: 3-6 weeks)

Exit: RM0.605

Source: AmInvest Research - 9 Nov 2018