RHB Retail Research
Trading Stocks - Gadang
Gadang may rise higher after it recently breached above the downtrend line drawn in the chart. In view that the 21-day SMA line is likely to begin turning upwards, this implies a positive outlook sentiment. A positive bias may emerge above the MYR0.70 level, with an exit set below the MYR0.655 threshold. Towards the upside, the immediate resistance is at the MYR0.78 mark. This is followed by the MYR0.825 level.
Source: RHB Securities Research - 4 Nov 2019
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