Gamuda may trend higher after it gapped up and posted a long white candle 2 sessions ago. As the stock also surged to a fresh multi-year high coupled with rising EMAs, a bullish outlook can be expected here. A bullish bias may emerge above the RM4.33 level, with stop-loss set at RM3.98, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM4.60, followed by RM5.00.

Entry : RM4.33–4.44

Target : RM4.60, RM5.00

Exit : RM3.98

Source: AmInvest Research - 28 Jun 2023