Monday, June 11, 2012

Technical Analysis June 2012: GAMUDA (5398)

Gamuda Berhad (5398)

Observation from Chart:

GAMUDA rebound from RM3.35 level.

Will it break through RM3.54 resistance?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K still on BUY call.

High probably it will retest RM3.54 resistance level.
If the bull strong enough, potentially break through RM3.54 level.

If retrace down, MA20 is the immediate support.

Let's watch closely.


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