Monday, 1 Aug 2011. GAMUDA – Stock Pick

GAMUDA ( 5398 : 3.69 ) : Inverted Head & Shoulder
Description
Resistance : 3.88
Support : 3.52
RSI of 44
RSI is steady
STOCHASTIC
It is on an upswing
TREND INDICATOR.
Up
Comment
It appears to be forming a positive inverted Head & Shoulder, to target the price gap at 3.88
Trading Strategy
Buy. Stop loss is at 3.52