Gadang’s rally may resume if the stock closes above the three-month resistance of RM0.62. A purchase can be made if it happens, with a close below last week’s low of RM0.60 as a stop-loss. The price targets are at prior highs of RM0.655 and RM0.68. The stock will likely trade sideways should it fail to break the resistance, with further support expected at RM0.52.
Source: OSK
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