Monday, October 17, 2011

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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