Rakuten Trade Research Reports
Technical View - Gadang Holdings Bhd (GADANG, 9261)
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Publish date: Fri, 28 Jun 2019, 04:26 PM
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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 was flat at RM0.89 yesterday.
- Share price has been trending upward since hitting bottom in Dec 2018. Since then, share price has rebounded and broke out of its’ downtrend and is has turned somewhat bullish trading above all key moving averages with stronger buying momentum, indicating further price upside.
- From here, resistance levels are expected at RM0.93 (R1) and further to RM1.03 (R2).
- Conversely, support levels are found at RM0.815 (S1) and RM0.760 (S2).
Source: Rakuten Research - 28 June 2019
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