GDEx’s uptrend should resume after printing an all time high yesterday. A position can be initiated above RM1.20, with a close below the 3-day low of RM1.15 as a stop-loss. The price target is RM1.50, with resistance also expected at RM1.35. Failure to hold above RM1.20 should see the continuation of a sideway move. Expect strong support at the psychological RM1.00.
Source: OSK
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