Rallying across the RM3.33 congestion area to a 2-1/2 year high. Gamuda
halted its uptrend when it reached a resistance zone of RM3.06 – RM3.33 in Aug
2009. But it wasn’t until in Nov 2009 that the stock fell below the zone. In early Jan 2010, the stock hit a rock support level near RM2.59 and started a slow recovery leg. After a consolidation upon hitting a bump at RM3.06, it staged a breakout of RM3.06 in Jun 2010, before congesting near a higher level of RM3.33 in most of Jul 2010. It kicked off a fresh rally of late and hit its highest level since Mar 2008 at RM3.50 yesterday.
Gamuda Berhad : Further Upside Towards The RM3.64 – RM4.10 Region… - 18/08/2010
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