Thursday 28 Mar 2024
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KUALA LUMPUR (May 20): RHB Retail Research said GD Express Carrier Bhd may rebound further after it tested the 30 sen support in its latest session.

In a trading stocks note today, the research house said given that the stock has formed a “Hammer” pattern on May 19, this indicates a potential rebound.

“A positive bias may emerge above the 32 sen level, with an exit set below the 30 sen threshold.

“Towards the upside, the immediate resistance is at the 36 sen mark. This is followed by the 40 sen level,” it said.

 

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