Monday, April 16, 2012

Technical Analysis Apr 2012: GAMUDA (5398)


Gamuda Berhad (5398)
Observation from Chart:

GAMUDA forming bolinger band squeeze within RM3.54 & RM3.74 level.
Will it break up or down?

Other indicator:-
1. MACD trade at negative region, downtrend sign.
2. Stochastic %K on BUY call itinerary.

High probably it will retest RM3.74 resistance level.
If the bull strong enough, potentially break through bolinger upper band & go higher.
If retrace down, RM3.54 is the immediate support.

Let's watch closely.

0 comments:

Post a Comment