KUALA LUMPUR (Jan 16): RHB Retail Research said Gadang Holdings Bhd may rebound further after it tested the 58 sen support in its latest session.

In a trading stocks note today, the research house said yesterday’s long white candle sent the stock to its 2-month high, thereby enhancing the bullish sentiment.

“A bullish bias may appear above the 60 sen level, with an exit set below the 58 sen threshold.

“Towards the upside, the near-term resistance is at 66.5 sen. This is followed by the 71 sen level,” it said.