Wednesday, 16 May 2012

Stock Overview - GAMUDA- 16 May 2012

GAMUDA ( 5398 : 3.56 ) : Targeting 3.90/Stop loss 3.46

Description

Resistance : 3.90
Support : 3.46

RSI of 42
RSI is neutral

STOCHASTIC
It is oversold

Comment
Currently it is hovering at the support line of 3.50. As technicals are oversold, it is due for a rebound

Trading Strategy
Buy. Stop loss is at 3.46

Source:Jupiter Securities Research 16 May 2012

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