Gadang Holdings Bhd
(stock code: 9261) bounced higher on Thursday in a positive reversal of momentum to halt the correction phase.
However, some further gains would be needed for the stock to break free of the short term descending trend.
The share price had been subsiding ever since it hit a peak of 55 sen in June, and had been caught in a declining channel to trade below the key simple moving averages (SMA).
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