GDB Holdings retraced and formed a technical hammer pattern. The uptrend momentum may resume if it breaks above the immediate resistance price of RM0.47 in upcoming sessions. If this happens, its short-term target price will be RM0.50 followed by RM0.525. The support price is anticipated at RM0.435, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.47
Target: RM0.50, RM0.525 (time frame: 3-6 weeks)
Exit: RM0.435

Source: AmInvest Research - 26 Nov 2019