Wah, Gamuda is beautifully remained in the channel. The next intermediate resistance level could be as near as RM3.05. For less aggressive traders could exit half (or more) of your position when it touches this level and fall back. It is definitely a retracement. For higher risk trader, trail your STOP LOSS @ the trade channel boundary (RM2.85 - RM2.87). The only worry right now is the ultra high volume on Friday. This could mean swamping demand. We need to closely observe Gamuda for any weakness / reversal sign.
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David Kong
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