(Disclaimer: This is not a buy or sell call. Stock watch only serves as updates on selected stocks)
After first coverage, GAMUDA has been
consolidating between RM4.64 and RM4.86. Based on the chart, MACD and
RSI are both trending upward. Readers are advised to monitor
GAMUDA price movement these few days. This is the second time it
challenges the RM4.86 resistance. Likelihood of a break out is high.
GAMUDA-WE broke out RM1.02 resistance last Friday after consolidating
for 2 months. Based on the chart, MACD and RSI are both trending
upward. Readers are advised to monitor GAMUDA-WE price movement. Potential entry can be found between RM1.08~RM1.02. A break out of RM1.08 resistance may occur if GAMUDA break out RM4.86 resistance in next few trading sessions.
Technically, GENTING has rebounded from its 200MA. Based on the
chart, price is moving higher with greater volume suggesting a strong
inflow of fund into GENTING. MACD has returned to positive region too. Readers are advised to monitor GENTING price movement. Potential entry can be found between RM8.30~RM8.60. Immediate resistance is at RM9.00 with support at RM8.30.
After GBGAQRS’s QR returned to black, its price has surged
significantly and rose about 34%. While a continue uptrend from this
point onwards may be low, technically, all indicators are positive bias
except RSI. Readers are advised to monitor GBGAQRS price movement. Potential entry can be found between RM1.01~RM1.05. Immediate resistance is at RM1.18 with support at RM1.01.