Gadang Holdings may soon test the RM0.70 resistance level again. With an RSI level pointing above 60%, there is a high probability of a breach above this resistance level with a target price of RM0.77. Meanwhile, it may continue to drift sideways if it fails to breach the RM0.70 level. In this case, the immediate support is anticipated at RM0.635, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on uptrend above RM0.70

Target: RM0.77, RM0.835 (time frame: 3-6 weeks)

Exit: RM0.635

Source: AmInvest Research - 4 Apr 2019