Gadang Holding Berhad as one of the construction company in KLCIGadang might be one of the company that might be benefit if Malaysia government is to reactive all the construction project which has been on hold previously.
The charting for Gadang holding is currently forming a up trend parallel channel since the beginning of 2019
It might be a good opportunities for the traders to collect on the bottom channel and sell on the top of the channel
For investors wise it should be some good chance to collect on the bottom of the channel and hold it.
If the share price is not drop below the channel and one of the best way is to keep revising your cut loss point according to the channel trend line and hold it for growth and dividend
Solely for education purpose without any buy or sell recommendation.
GADANG trade ideas
Gadang (malaysia) - TA using Gann Box and Gann Fan pivot point at price 0.64 was chosen as it denote the beginning of uptrend cycle. confirmed by RSI.
from the pivot, price moving up and reacted at Gann line 0.5 and went down to Gann line 0.25. this is 1/2 retracement which stated by Gann as usual retracement.
Price is expected to move up to 1/1 (45 degree line).
expected price reactions as follow:
- about 82 sen around 31/8
- about 91 sen around 26/9
- about 100 sen around 22/10
