Rakuten Trade Research Reports
Technical View - Gamuda Bhd (GAMUDA, 5398)
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Publish date: Wed, 18 Mar 2020, 02:23 PM
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Gamuda Bhd (5398)
• GAMUDA gained 3.8% or 10 sen to RM2.70 yesterday.
• GAMUDA ended with a positive candle yesterday rebounding from its 52-week low of RM2.36 level indicating strong support level and bargain hunting activities. Should the buying momentum persist, we expect to see a continued rebound from current level.
• From here, resistance levels are expected at RM2.82 (R1) and further to RM3.00 (R2).
• On the contrary, support levels are identified at RM2.50 (S1) and RM2.36 (S2).
Source: Rakuten Research - 18 Mar 2020
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