KUALA LUMPUR (June 3): RHB Retail Research said Gadang Holdings Bhd’s buying momentum may have returned after it rose above the 21-day SMA line.
In a trading stocks note today, the research house said the upward momentum will likely continue, given that it has breached above the downtrend line drawn in the chart.
“ A positive bias may emerge above the 82.5 sen level, with an exit set below the 76 sen threshold. “Towards the upside, the immediate resistance is at 92 sen. This is followed by the 96 sen level,” it said.
“Towards the upside, the immediate resistance is at 92 sen. This is followed by the 96 sen level,” it said.