Sunday, October 23, 2016

Technical Analysis Oct 2016: GAMUDA (5398)



GAMUDA BERHAD (5398) 

Observation from Chart:

GAMUDA succeed breakout bolinger band squeeze. 

How high will it go?

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

Immediate resistance @ RM5.00 level.
Subsequent resistance @ RM5.10 level.

Immediate support @ RM4.91 level.
Subsequent support @ RM4.87 level.

Let's watch closely.

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