Rakuten Trade Research Reports
Technical View - Gadang Holdings Bhd (GADANG, 9261)
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Publish date: Tue, 16 Jul 2019, 09:51 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 closed 1 sen or 1.1% lower to RM0.895 yesterday.
- Share price has been on an upward trend and remains above key moving averages indicating the bullish run is intact. Any retracement is seen as buying opportunity as it is poised for potential breakout on the back of positive sentiments from the revival of infrastructure projects.
- Resistance levels are found at RM0.94 (R1) and further to RM0.96 (R2).
- On the flipside, support levels are expected at RM0.85 (S1) and RM0.79 (S2).
Source: Rakuten Research - 16 Jul 2019
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