AmInvest Research Reports
Stocks on Radar- GD Express Carrier (0078)
AmInvest
Publish date: Tue, 10 Nov 2020, 12:03 PM
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)
GD Express Carrier surged and touched the RM0.455 resistance level. With its RSI indicator on an uptrend, coupled with higher trading volume, there is a good chance for a technical breakout towards the short-term target price of RM0.49, followed by RM0.51. The downside support is marked at RM0.425. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM0.455
Target: RM0.49, RM0.51 (time frame: 2-4 weeks)
Exit: RM0.425
Source: AmInvest Research - 10 Nov 2020
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