Rakuten Trade Research Reports
Technical View - Gadang Holdings Bhd (GADANG, 9261)
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Publish date: Fri, 17 May 2019, 10:56 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Gadang Holdings Bhd (9261)
- GADANG rose 3.5 sen or 4.4% to RM0.83 yesterday.
- GADANG closed higher for the second consecutive day accompanied by higher-than-average traded volume indicating sustained buying momentum. The price is trading above the key moving averages, hence we believe the price is likely to trend higher.
- As such, resistance levels are identified at RM0.875 (R1) and further to RM0.960 (R2).
- On the flipside, support levels are expected at RM0.785 (S1) and RM0.745 (S2).
Source: Rakuten Research - 17 May 2019
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