Thursday, September 15, 2016

Technical Analysis Sept 2016: GAMUDA (5398)


GAMUDA BERHAD (5398) 

Observation from Chart:

GAMUDA forming ascending triangle pattern.

Will it break through the strong resistance?

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

Immediate resistance @ RM4.91 level.
Subsequent resistance @ RM5.00 level.

Immediate support @ RM4.81 level.
Subsequent support @ RM4.76 level.

Let's watch closely.

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