GADANG Holdings Bhd (code: 9261) has ended a correction phase and with its most recent advance, looks set to retrace recent losses and reclaim its recent high.

The stock had embarked on a four-month rally between December 2018 and April 2019.

Following a surge of buying interest on April 22 that saw the share price ascend to a recent peak of 96 sen, a healthy correction ensued and brought the share price to an intra-day trading low of 76 sen.

A rebound started last Thursday and gained momentum on Friday, suggesting that the counter had returned to a rally.

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