GDB Holdings may extend its upward trajectory after it broke out from its 3-week bullish rectangle pattern yesterday. As the stock also cracked above its 8-month downtrend line in early November, it likely indicates that the upward momentum may be picking up. A bullish bias may emerge above the RM0.225 level, and the bullish momentum should lift it towards the subsequent resistance levels of RM0.255, followed by RM0.28. Towards the downside, stop-loss is set at RM0.19, below the 21 Nov low.

Entry : RM0.225-0.235

Target : RM0.255, RM0.28

Exit : RM0.19

Source: AmInvest Research - 1 Dec 2022