RHB Retail Research

Trading Stocks - GDB Holdings

Publish date: Mon, 01 Nov 2021, 09:00 AM
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RHB Retail Research

GDB Holdings is resuming its uptrend after breaching above the immediate resistance of MYR0.52 on strong trading volume. If it manages to stay above that level, the bullish momentum may propel the stock towards the MYR0.60 level, before possibly hitting the MYR0.625 threshold. However, falling below the MYR0.485 support may see the stock descending further to mark a “lower low” bearish pattern.

Source: RHB Securities Research - 1 Nov 2021

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