Sunday, March 9, 2014

Technical Analysis Mar 2014: GAMUDA (5398)

Gamuda Berhad (5398)

Observation from Chart:

GAMUDA retest MA200 resistance level, RM4.68 level.

Will it break through this strong resistance?

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

Immediate resistance @ MA200 / MA100 level.

Subsequent resistance @ RM4.79 level.

Immediate support @ MA20 / MA50 level.
Subsequent support @ RM4.25 level.

Let's watch closely.

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