RHB Retail Research: GD Express Carrier may rebound higher

RHB Retail Research says GD Express Carrier Bhd may rebound higher after it tested the MYR0.24 support recently.

In a trading note, the research house says last Friday’s white candle sent the stock to its 3 month high, thereby enhancing the bullish sentiment.

“An upbeat bias may emerge above the MYR0.255 level, with an exit set below the MYR0.24 mark.

“Towards the upside, the immediate resistance is at the MYR0.285 level, followed by the MYR0.30 threshold,” it says.

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