KUALA LUMPUR (Dec 4): RHB Retail Research said Gamuda Bhd’s upside move may continue after it rose above the 21-day SMA line.
In a trading stocks note today, the research house said given that it formed a long white candle for the second consecutive day, the positive sentiment has been enhanced.
“A bullish bias may appear above the RM4.80 level, with an exit set below the RM4.58 threshold.
“Towards the upside, the near-term resistance level is at RM5.08. This is followed by the RM5.30 level,” it said.