Gamuda is poised to extend the upside movement after staging a bullish breakout. The stock climbed above the 21-day SMA line and broke past the MYR7.75 resistance with a bullish candlestick. Riding on this renewed momentum, a follow-through price action will test the next resistance at MYR8.35, followed by the MYR9 mark. If it breaches the MYR7.10 support, this will kick off the correction phase.
Source: RHB Securities Research - 28 Aug 2024
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GAMUDACreated by rhbinvest | Sep 13, 2024
Created by rhbinvest | Sep 11, 2024