RHB Retail Research
Trading Stocks - GDB
GDB may rebound higher after it continued holding above the MYR0.61 support. Given that it has formed a long white candle above the rising 21-day SMA line, this has enhanced the bullish sentiment. A positive bias may emerge above the MYR0.65 level, with an exit set below the MYR0.61 threshold. Towards the upside, the immediate resistance is at the MYR0.75 mark. This is followed by the MYR0.80 level.
Source: RHB Securities Research - 21 Jan 2020
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