Gadang may rebound further after it tested the MYR0.58 support in its latest session. Yesterday’s long white candle sent the stock to its 2-month high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR0.60 level, with an exit set below the MYR0.58 threshold. Towards the upside, the near-term resistance is at MYR0.665. This is followed by the MYR0.71 level.

Source: RHB Securities Research - 16 Jan 2019