Given the strong trend, healthy volume, and supporting indicators, I would rank this chart's technical setup as Strong Bull.
B. Details:
For trading decisions, it’s essential to monitor for pullbacks near key moving averages or breakout levels for confirmation.
The stock price is in a clear uptrend, evidenced by the higher highs and higher lows, supported by moving averages (e.g., MA20, MA50).
The price is trading well above key moving averages, which is a bullish signal.
Bollinger Bands:
Price has remained within the upper half of the Bollinger Bands for an extended period, indicating strong bullish momentum.
Recent consolidation near the upper band suggests a potential continuation or correction.
Volume:
Volume appears to support price movements, with noticeable spikes during upward moves, confirming strength.
RSI:
RSI is above 50 but not in the overbought territory, suggesting room for further upside.
MACD:
MACD line is above the signal line, though there is a slight convergence, hinting at a possible consolidation phase.
Elder Force Index:
The Elder Force Index shows a significant increase in bullish force during the rally, but recent negative readings could suggest caution.
C. Company Business Description
Gamuda is a leading Malaysian company specializing in construction, property development, and infrastructure projects. It builds highways, railways, and tunnels, contributing to better transportation and connectivity. Gamuda also develops housing and commercial properties, shaping modern communities across Malaysia and internationally.
Created by KingKKK | Dec 21, 2024
Created by KingKKK | Dec 13, 2024
KingKKK
Technical Outlook - GAMUDA (Uptrend Intact After FBMKLCI Inclusion) - #GAMUDA
https://klse.i3investor.com/web/blog/detail/bestStocks/2024-12-27-story-h496917106-Technical_Outlook_GAMUDA_Uptrend_Intact_After_FBMKLCI_Inclusion_GAMUDA
16 hours ago