Similar to what luckybee said. It is just one method to measure the volume. Consider this example: When someone says "the volume is great in this breakout move", how can we really tell? Plotting an MA, typically 50d sma is a simple way to tell if the move has been accompanied by volume higher than the past 50d average volume. MA on volume is a simple and effective way to look at volume, especially useful when studying consolidation and breakout moves.

Please define your meaning for short term... TA wise, I think we might have a "bull flag" here, ie, consolidating in low volume after the strong run up to $1.54. You might want to consider going in if it clears the down-sloping trendline drawn off the highs of April 2nd and April 12th(currently around $1.50) in good volume. Good luck.

yeah 1305 was the last high back in April 2008. That certainly is a "natural" resistance. Regardless if we get there or not, I don't think it is sustainable. As much as I hope for a bull market, I think the whole rally since we hit 800 is very overstretched and nearly done. Let's see...

Update: Still very weak. Getting close to the critical 2.60 now.

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.

Good observation. Technically one should watch the top of the Shooting Star closely(2.10). If this high is not taken out soon, the downtrend from mid-oct to early-nov looks likely to continue.