• Target Price: RM0.340, RM0.360
• Last closing price: RM0.310
• Potential return: 9.6%, 16.1%

• Support: RM0.305

• Stop Loss: RM0.270

Possible for trend reversal. GADANG is potentially staging a breakaway from its downtrend, with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.340 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.360. However, failure to hold on to support level of RM0.305 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 24 Dec 2024