Gadang is posing a bullish technical setup after breaking past the resistance on high volume. The counter charted a fresh “higher high” white candlestick and closed above the MYR0.355 resistance, signalling the underlying momentum is bullish. Riding on this momentum, the stock is eyeing to testthe MYR0.39 level, followed by MYR0.42. In the event it falls below the MYR0.33 support, this would negate the bullish setup and resume the correction phase

Source: RHB Securities Research - 9 Jan 2025