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Daily Trading Stocks: Gamuda Bhd

kiasutrader
Publish date: Tue, 26 Jun 2012, 09:18 AM
Gamuda has to close above RM3.65 or risk falling further. Weakness is  confirmed  on  a  close  below  RM3.55  and  a  position  can  be liquidated  if  it  happens.  Support  is  expected  at  the  recent  low  of RM3.35 but a violation of that could see the stock at RM3.00, with support  also  expected  at  RM3.20.  However,  a  close  above  RM3.65 should  see  the  continuation  of  a  rebound  but  strong  resistance  is expected at RM4.00.


Source: OSK
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