RHB Retail Research
Trading Stocks - GDB
GDB may move higher after it formed a second consecutive white candle and leaving an upside gap. Yesterday’s candle has sent the stock to its new 52-week high, thereby enhancing the bullish sentiment. A positive bias may emerge above the MYR0.365 level, with an exit set below the MYR0.33 threshold. Towards the upside, the immediate resistance is at the MYR0.40 mark. This is followed by the MYR0.42 level.
Source: RHB Securities Research - 6 Nov 2019
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