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
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Created by AmInvest | Nov 21, 2024