• GAMUDA gained 4.4% or 15 sen to RM3.55 yesterday.
• Share price formed a positive breakout yesterday after a period of consolidation indicating the emergence of buying interest. With key technical indicators signalling stronger buying force, share price is likely to move higher.
• Based on Fibonacci retracement level, resistance levels are set at RM3.76 (R1) and RM4.18 (R2).
• On the downside, support levels are seen at RM3.35 (S1) and RM2.83 (S2).
Source: Rakuten Research - 9 Mar 2021
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GAMUDACreated by rakutentrade | Nov 05, 2024