Bursa Malaysia Stock Watch
GAMUDA Is Forming A Bullish Patten
kltrader
Publish date: Tue, 23 Mar 2010, 10:16 PM
kltrader
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This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
GAMUDA 2QFY2010 will be out on this week 25 March 2010 and news review out some positive some not. So usually the news is to send us retail investor wrong information of understanding. If they want retail investor to jump in, they will review out positive news with long term target price and so the opposite ways.
Base on the chart, big fund may accumulate some share between RM2.80 to RM2.70 and it also forming a bullish patten. For me I think before the financial result review on 25 March 2010 the share price may likely to hits above RM2.80 with some vol, however if not the share may keep on this level for some time.
To know any possibility to make profit on this share, today closing price and vol may review some info.
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