KUALA LUMPUR (Jan 22): RHB Retail Research said Gadang Holdings Bhd may rebound higher after it continued holding above the RM1.10 support.
In a trading stocks note today, the research house said as the 21-day SMA line is likely to begin turning upwards, this also implies a positive outlook.
“A bullish bias may appear above the RM1.10 level, with an exit set below the RM1.10 threshold.
“Towards the upside, the near-term resistance level is at RM1.27. This is followed by the RM1.32 level,” it said.