Technical Analysis Oct 2011: GAMUDA (5398)
Gamuda Berhad (5398)
Observation from Chart:
GAMUDA trade above MA50 level.
RM3.02 is current support level.
However, RM3.40 which is MA100 strong resistant level.
Other indicator:-
1. MACD moving toward positive region.
2. Stochastic %K already reach overbought stage.
High probably will have a correction or trading side way for consolidation before go higher.
Let watch closely.
Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!
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