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[GAMUDA] Support

Gamuda appears to be finding good support ahead of its 200day SMA. With Monday's relatively bullish candle, while not quite a piercing nor a hammer candlestick pattern, it nevertheless carry bullish implications and Tuesday and Wednesday provided a potential Bullish Reversal pattern of Harami and for it to appear at an identified support suggests that a bounce is in order and we probably can expect Gamuda to retest 3.00 to 3.10 in the short term. Whether this would turn into a longer term bullish trend is yet to be seen.
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After hugging the 200sma for a few days, it has fallen below it the last 3 sessions. In fact, it looks like a clean breakaway(to downside) of a bearish flag. Once 2.6 is taken out to the downside, GAMUDA should quickly go down to 2.4 or lower.
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Update: Still very weak. Getting close to the critical 2.60 now.
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I bought it when it was the highest price. at RM3.37. By when it can go higher than RM3.37?
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Prices have been making a recovery in the past two weeks though it would appear that the recovery is running into some resistance ahead of RM3.00. For the price to retest RM3.37, it must first clear the RM3.00 hurdle. Once it clears RM3.00 and technical start to improve then it would definitely have a chance of at least retesting RM3.37.
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Heavy liquidation today. Downtrend remains strong. Guess weakness will continue to awhile.
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