Gadang may trend higher after it formed a long white candle and breached above the MYR0.70 threshold. This can be viewed as a continuation of the bulls extending the upward momentum from 1 Apr’s upside gap. A bullish bias may emerge above the MYR0.70 level, with an exit set below the MYR0.635 threshold. Towards the upside, the immediate resistance is at MYR0.78. This is followed by the MYR0.86 level.

Source: RHB Securities Research - 5 Apr 2019