RHB Retail Research
Trading Stocks - GDB
GDB may trend higher after it formed a long white candle and breached above the MYR0.40 threshold. 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 MYR0.40 level, with an exit set below the MYR0.385 threshold. Towards the upside, the immediate resistance is at the MYR0.45 mark. This is followed by the MYR0.47 level.
Source: RHB Securities Research - 13 Nov 2019
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