RHB Retail Research
Technical Analysis - Gamuda
Gamuda
Gamuda was testing the MYR3.70 level in its latest session. A bullish bias may be present above this point with a target price of MYR3.85, followed by MYR4.00. The stock may consolidate further if it cannot breach above the MYR3.70 threshold in the coming sessions. Support may be found at MYR3.53, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 12 Sept 2018
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