Wednesday, 23 Nov 2011. GAMUDA – Stock Pick

GAMUDA ( 5398 : 3.00 ) : Targeting 3.27
Description
Resistance : 3.27
Support : 2.95
RSI of 35
RSI is slightly oversold
STOCHASTIC
It is oversold
TREND INDICATOR
Down
Comment
It may have completed its correction at the 61.8% retracement of 2.95 yesterday. A technical rebound, with a
resistance at 3.27, is likely
Trading Strategy
Buy. Stop loss is at 2.90