Gadang Holdings has been range-bound during recent sessions. With the momentum indicator RSI above 60%, there is a possibility it will break above the resistance of RM0.94, and move towards a target price of RM1.00 amd RM1.06. Meanwhile, the immediate support is anticipated at RM0.88, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy upon breakout above RM0.94

Target: RM1.00, RM1.06 (time frame: 3-6 weeks)

Exit: RM0.88

Source: AmInvest Research - 17 Jul 2019