RHB Retail Research
Trading Stocks - GDB
GDB may rebound further after it tested the MYR0.315 support in recent sessions. Given that the stock has formed a long white candle above the rising 21-day SMA line, the bullish sentiment has been enhanced. A bullish bias may appear above the MYR0.33 level, with an exit set below the MYR0.315 threshold. Towards the upside, the near-term resistance is at MYR0.37. This is followed by the MYR0.40 level.
Source: RHB Securities Research - 15 Jul 2019
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