Gamuda’s rebound since the low of May will likely continue if it closes above June’s high of RM3.60. A purchase can be made if it happens and a close below RM3.50 can be employed as a stop-loss. The price target is 2012’s high of RM3.94, with selling also expected at RM3.78. A close below RM3.50 should see the stock lower and supports are at RM3.30 and RM3.10.
Source: OSK
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