Gamuda Bhd (GAMUDA, 5398)

candle yesterday. The stock also hit a new 52-week high coupled with rising EMAs and RSI thus more upside may be present in the near term.

• We expect the rising momentum is set to steer the stock higher and test the next level of resistanceof RM5.00 (R1), followed by RM5.20 (R2) in near term.

• On the downside, stop-loss is set at RM4.54, below the 50-day EMAs.

Source: Rakuten Research - 1 Dec 2023

To sign up for an account: http://bit.ly/40BNqKI

[Youtube Tutorial] Account Opening & Enable Foreign Equity: http://bit.ly/3I5Jzxo