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 already trigger BUY call, pending confirmation.
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.
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 already trigger BUY call, pending confirmation.
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.
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