Gadang Holdings was testing the RM0.72 level during its intraday high. With an RSI rising above 60%, it may move above this mark with short-term target prices of RM0.78 and RM0.83. It may drift sideways if it fails to cross RM0.72 in the near term. In this case, support is anticipated at RM0.67, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.72

Target: RM0.78, RM0.83 (time frame: 3-6 weeks)

Exit: RM0.67

Source: AmInvest Research - 4 Nov 2019