AmInvest Research Reports

Stock on Radar - Gamuda (GAMUDA)

AmInvest
Publish date: Wed, 23 Oct 2024, 08:46 AM
AmInvest
0 9,324
An official blog in I3investor to publish research reports provided by AmInvest research team.

All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx

Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com

Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)

Gamuda (GAMUDA | 5398)

Last Price: RM8.54 | Technical Call: BUY

Technical chart: GAMUDA

 

Support 1: RM8.40Resistance 1: RM9.00
Support 2: RM7.80Resistance 2: RM9.50
Shariah Compliant: YesSector: Construction

 

We expect further upside for Gamuda after it pushed above the RM8.40 resistance with a long positive candle yesterday. As the stock has surged to a new record high, the near term bullish trend may still have legs. A bullish bias may emerge above the RM8.40 level with stop-loss set at RM7.78, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM9.00, followed by RM9.50.

Entry: RM8.40-8.54

Target: RM9.00, RM9.50

Exit: RM7.78

 

Source: AmInvest Research - 23 Oct 2024

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment