RHB Investment Research Reports
Trading Stocks - Gamuda
rhbinvest
Publish date: Wed, 28 Aug 2024, 10:50 AM
rhbinvest
0 4,679
An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
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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