RHB Retail Research
Trading Stocks - Gamuda
Gamuda has been trading in a possible sideways pattern over the past three weeks, and hovering around the 21-day SMA line. A positive bias is expected above MYR3.30, with resistance levels marked at MYR3.47 and MYR3.58. A downside breach of MYR3.30 would negate this positive expectation.
Source: RHB Securities Research - 3 Mar 2021
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