AmInvest Research Reports

Stock on Radar - Gadang Holdings

AmInvest
Publish date: Fri, 29 Mar 2024, 10:24 AM
AmInvest
0 8,766
An official blog in I3investor to publish research reports provided by AmInvest research team.

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 may rise higher after it posted another white candle and hit a new 52-week high on Wednesday. Given that the stock has broken out from an 11-week bullish rectangle pattern, the resumption of its previous uptrend may be taking place now. A bullish bias may emerge above the RM0.42 level with stop-loss set at RM0.39, below the 20-day EMA. Towards the upside, nearterm resistance level is seen at RM0.50, followed by RM0.55.

Entry : RM0.42–0.44

Target : RM0.50, RM0.55

Exit : RM0.39

Source: AmInvest Research - 29 Mar 2024

Related Stocks
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment