RHB Investment Research Reports
Trading Stocks - GDB
rhbinvest
Publish date: Mon, 25 Mar 2024, 09:58 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
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Jalan Tun Razak
Kuala Lumpur
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Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
GDB has formed a bullish set-up after breaking past a key resistance. The counter climbed above the MYR0.255 resistance on the back of high volume – showing that a strong bullish momentum is underway. This momentum should propel the stock towards the next resistance pegged at MYR0.295, followed by the MYR0.32 level. On the flipside, breaching below the MYR0.23 threshold negates the bullish set-up.
Source: RHB Securities Research - 25 Mar 2024
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