GDB may rebound further, says RHB Retail Research

TheEdge Wed, Feb 26, 2020 08:41am - 4 years View Original


KUALA LUMPUR (Feb 26): RHB Retail Research said GDB Holdings Bhd may rebound further after it tested the 67 sen support in its latest session.

In a trading stocks note today, the research house said with the 21-day SMA line edging upwards, this implies a positive outlook.

“A positive bias may emerge above the 70 sen level, with an exit set below the 67 sen threshold.

“Towards the upside, the immediate resistance is at the 79.5 sen mark. This is followed by the 85 sen level,” it said.

 

 

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