RHB Investment Research Reports

Trading Stocks - GDB

rhbinvest
Publish date: Mon, 25 Mar 2024, 09:58 AM
rhbinvest
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GDB has formed a bullish set-up after breaking past a key resistance. The counter climbed above the MYR0.255 resistance on the back of high volume – showing that a strong bullish momentum is underway. This momentum should propel the stock towards the next resistance pegged at MYR0.295, followed by the MYR0.32 level. On the flipside, breaching below the MYR0.23 threshold negates the bullish set-up.

Source: RHB Securities Research - 25 Mar 2024

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