GDB Holdings surged and touched the RM0.83 resistance level. With its 21-day moving average trending upwards, coupled with a higher low candle stick pattern, there is a good chance it will break out and head towards the short-term target price of RM0.86, followed by RM0.885. The downside support is marked at RM0.775. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy near RM0.83
Target: RM0.86, RM0.885 (time frame: 2-4 weeks)
Exit: RM0.775
Source: AmInvest Research - 27 Nov 2020
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Created by AmInvest | Jul 26, 2024