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PublicInvest Research

Author: PublicInvest   |   Latest post: Mon, 25 Mar 2019, 10:47 AM

 

Technical Buy - GAMUDA (5398)

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  • Target Price RM3.00, RM3.10
  • Last closing price RM2.83
  • Potential return 6.0%, 9.5%
  • Support RM2.76
  • Stop Loss RM2.73

Possible for further upside. GAMUDA is recovering from its congestion phase. RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM3.00 be broken, it may continue to lift price higher to subsequent resistance level of RM3.10.

However, failure to hold on to support level of RM2.76 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 19 Feb 2019

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Labels: GAMUDA

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Chart Stock Name Last Change Volume 
GAMUDA 2.84 -0.05 (1.73%) 3,645,400 

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