RHB Retail Research
Trading Stocks - Gadang
Gadang’s buying momentum may have returned after it rose above the 21-day SMA line. The upward momentum will likely continue, given that it has breached above the downtrend line drawn in the chart. A positive bias may emerge above the MYR0.825 level, with an exit set below the MYR0.76 threshold. Towards the upside, the immediate resistance is at MYR0.92. This is followed by the MYR0.96 level.
Source: RHB Securities Research - 3 Jun 2019
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