Friday, March 9, 2012

Technical Analysis Mar 2012: GAMUDA (5398)


Gamuda Berhad (5398)
Observation from Chart:

GAMUDA rebound from RM3.54 support level.

How high will it rebound?

Other indicator:-
1. MACD trade at positive region, uptrend sign.
2. Stochastic %K already trigger BUY call.

High probably it will retest RM3.71 or MA20 resistance level.
If the bull strong enough, potentially break through MA20 resistance & go higher.

Let's watch closely.

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