RHB Retail Research
Trading Stocks - GDB
GDB formed a long white candle, indicating that momentum of buying could be strong. This candle has sent the stock to its new 52-week high, thereby enhancing the positive sentiment. A positive bias may emerge above the MYR0.50 level, with an exit set below the MYR0.46 threshold. Towards the upside, the immediate resistance is at the MYR0.58 mark. This is followed by the MYR0.60 level.
Source: RHB Securities Research - 16 Dec 2019
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