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Friday, August 25, 2006

Gamuda, Frontkn, Favco


Gamuda: The bull are still pushing up higher. It should rechallenge 4.26 again. Monthly chart -> all says going up. A good leverage is Gamuda-WC (Ex price RM3.75, Ex date 21 Aug 2007). However, it is stuck in a symmetrical triangle (from daily chart) and almost reaching its apex. So technically, any breakout will not be strong.


Frontkn: Maybe this time it will go up. Candles are white, EMA are up. A good sign?


Favco: Broken the down trendline? A strong confirmation is a close above 0.76.

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