AmInvest Research Reports
Stocks on Radar- Gadang Holdings (9261)
AmInvest
Publish date: Thu, 28 May 2020, 08:52 AM
AmInvest
0 9,386
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
Gadang Holdings was testing the resistance level RM0.49 in its recent session with higher trading volume. With the momentum indicator RSI pointing upwards, we see that it may soon break out from the resistance level. If this happens, expect it to travel towards the short-term target prices of RM0.53 and RM0.57. The downside support is anticipated at RM0.425, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy on breakout RM0.49
Target: RM0.53, RM0.57 (time frame: 2-4 weeks)
Exit: RM0.425
Source: AmInvest Research - 28 May 2020
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