Monday, July 16, 2012

Technical Analysis July 2012: GAMUDA (5398)

Gamuda Berhad (5398)

Observation from Chart:

GAMUDA retest RM3.55 level again.

Will it break through RM3.55 strong resistance?

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

High probably, it may break through RM3.55 resistance level & go higher.
MA20 would be the immediate support.
Subsequent support would be lower triangle line.

Let's watch closely.


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