Chart 1: Gamuda's daily chart as at Mar 16, 2017 (Source: MalaysiaStock.Biz)
Chart 2: Gamuda's weekly chart as at Mar 16, 2017 (Source: MalaysiaStock.Biz)
The breakout in Gamuda share price is also reflected in the breakout of the intermediate downtredn line for Gamuda-WE at RM1.29-1.30.
Chart 3: Gamuda-WE's daily chart as at Mar 16, 2017 (Source: MalaysiaStock.Biz)
Conclusion
Based on the above technical breakout, both Gamuda & Gamuda-WE could be good trading BUYs.
Note:
I hereby confirm that I do not have any direct interest in the security or securities mentioned in this post. However, I could have an indirect interest in the security or securities mentioned as some of my clients may have an interest in the acquisition or disposal of the aforementioned security or securities. As investor, you should fully research any security before making an investment decision.
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