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[GAMUDA] gamuda

anybody can tell me, now we should hold or sell the Gamuda shares? what is ur target price?
Judging purely from the a Technical perspective, Gamuda has now dropped to its 200day SMA @ 2.74 and should provide initial support and failing which should find secondary support around 2.50, i.e. it's not too far off its support area now after the liquidation of the stock through the last 3 sessions. Should 2.50 fails as well, the next support is seen around 2.00.

The Technical outlook for the stock calls for further weakness if not sideways action as it starts to find its support.

Whether you should hold or sell depends a lot on your initial rationale for buying the stock and if the rationale remains true.

My 2 cents worth.
My advice is still hold the share because no strong selling signal from technical point of view. 3.00 is the resistance now.
but the Dubai World cases i worry will causes gamuda share prices fell down in this few days....
'profitability' pretty much summed up the technical picture. I would like to add that GAMUDA was top the list in "Top negative TSMoneyFlow" just this recent trading session, indicating significant money flowing out of the stock generally caused by institution selling (I see this as the big boys bailing out). Sure it might be able to find it's support around the areas cited by 'profitability', but any bounce will likely be used by sellers that missed the initial selloff to exit. Just my view.
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