Rakuten Trade Research Reports
Technical View - Gamuda Berhad
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Publish date: Thu, 24 Nov 2022, 09:20 AM
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Gamuda Berhad (GAMUDA, 5398)
• Share price closed 2.44% higher at RM3.77 on Wednesday.
• GAMUDA opened gap up yesterday and maintained above its MA 20 and MA 200 lines currently. Buying interest was seen for the past 4 trading days. Coupled with bullish indicators, share price is expected to trend higher.
• Resistance levels are identified at RM3.80 (R1) and RM3.93 (R2).
• On the flipside, support levels are pegged at RM3.50 (S1) and RM3.35 (S2).
Source: Rakuten Research - 24 Nov 2022
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