RHB Retail Research said GD Express Carrier may rebound further after it tested the RM 0.30 support in its latest session.
In its trading notes, the research house is in view that given that the stock has formed a “Hammer” pattern on May 19, this indicates a potential rebound.
“A positive bias may emerge above the RM 0.32 level, with an exit set below the RM 0.30 threshold. Towards the upside, the immediate resistance is at the RM 0.36 mark. This is followed by the RM 0.40 level,” it said.
