$GAMUDA (5398.MY)$ Last Friday 25Apr2025 Gamuda for the firs...
$GAMUDA (5398.MY)$ Last Friday 25Apr2025 Gamuda for the first time breaching its 20day MA and closed above it since 3Apr2025.The short term breakout was confirmed by moderately high volume of 25 M ,indicating a bullish short term trend ahead.
Monday 28Apr2025 is crucial , Gamuda will have to break 4.02, an important upper edge of the bulish decending triangle formed and sourced from 8Jan2025. Another significance of breaching 4.02 is because it's remnants of the gap ought to be filled before it could scaled up to rechallenge 4.18, its 200 dayMA. Breaching 4.30, it's 150dayMA may signify the begining of medium term up trend.
(For the benefit of one or two particular commentators who has 'special interest' in this column, significance or meaning of 'breaking' is : touching 4.02 may not be enough but must touch a least 4.03 and stay at or well above it upon closing, accompanying by a high volume. Misleading the uninitiated and your followers is a misdeed indeed.)
On downside risk , 3.65 would be the immediate barrier and 3.48 , the strong meaningful support .
Strictly an opinion
Hi ! m back 'like' , if you like this comment
Monday 28Apr2025 is crucial , Gamuda will have to break 4.02, an important upper edge of the bulish decending triangle formed and sourced from 8Jan2025. Another significance of breaching 4.02 is because it's remnants of the gap ought to be filled before it could scaled up to rechallenge 4.18, its 200 dayMA. Breaching 4.30, it's 150dayMA may signify the begining of medium term up trend.
(For the benefit of one or two particular commentators who has 'special interest' in this column, significance or meaning of 'breaking' is : touching 4.02 may not be enough but must touch a least 4.03 and stay at or well above it upon closing, accompanying by a high volume. Misleading the uninitiated and your followers is a misdeed indeed.)
On downside risk , 3.65 would be the immediate barrier and 3.48 , the strong meaningful support .
Strictly an opinion
Hi ! m back 'like' , if you like this comment
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