RHB Retail Research
Trading Stocks - Gadang
Gadang attempted to break out from the immediate resistance yesterday. The share price has been rising of late, pointing to bullish interest. If it breaches the resistance level of MYR0.48, we believe the price will climb higher to test the next resistance level of MYR0.51, followed by MYR0.55. Meanwhile, a downward breach of the MYR0.44 support would negate this expectation.
Source: RHB Securities Research - 22 Dec 2020
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