GAMUDA POTENTIAL MOVE IN THE NEAR FUTURE

Hi Guys,

I see some clear cloud on GAMUDA,  have potential to move further.  By today closing (17/8/2010), i dont think that shooting star have been formed since the shadow and the body of candlestick look the same length.  Just wait and see.

Update on 3/9/2010

GAMUDA -  closing high +3 sen today.  What a coincidence.  Going low as 3.54 then surge before closing to 3.61.  A new white candlestick was formed.  Acc/dist as usual move higher and everything just fine.  U need to read Theedgemalaysia today since good news coming our way.  On top of that, MRCB also charted another territory today.  Read here:

"KUALA LUMPUR: Hwang DBS Vickers Research (HDBSVR) expects the RM36-billion mass rapid transit (MRT) to drive the CONSTRUCTION [] sector, once it is approved and takes off.



The research house said the probability of it being approved is high as the recent subsidy cuts suggest political will.


A key turning point could be the outcome of two consultant studies in mid-September. This project could see Gamuda’s orderbook double and MMC’s triple, but all contractors will benefit given its sheer size.

“In terms of sum-of-parts accretion, we expect additional 26 sen per share for Gamuda and 17 sen for MMC. The MRT project also ties in with another anchor market theme – government land sales. We expect MRCB’s participation in the 3,400-acre RRIM land to give it pricing power beyond our assumption of RM300 psf,” it said.  "

Update on 2/9/2010
ATTENTION ! ATTENTION!

Why I need your attention? Why? Because MMCCORP going higher today.  What? MMCCORP?  Yes fren.  GAMUDA-MMCCORP have joint venture for MRT project.  It seem that goverment will make media statement as soon as possible.  I see GAMUDA not going down eventhough I can see profit taking and selling pressure play dominant role today.  If u saw the closing today,  GAMUDA still up +3 sen.  I'm not watching MMCCORP today but i believe MRT project will be awarded soon.  And guess what? MMCCORP get the almost 1/3 (RM 13 billions) of RM 36 billions for tunneling part in the project. U,..as i said, hold on to GAMUDA and increase your stake in MMCCORP.  Hopefully, u are the one that can get "tempias" of profit.  Good luck. Watch MMCCORP here:

Update on Gamuda (1/9/2010)

Gamuda closing today +9 sen, at 3.55.  First resistance 3.51 has been breached.  Next resistance should be 3.84.  Just hold on to the rhythm since tonite Dow Jones rally to 220 ++ points.  So,  have a happy time with GAMUDA. TQ


ALERT, ALERT, ALERT


Update on Gamuda (31/8/2010)

GAMUDA, the company that proposed to the Malaysian Government about the planning & construction of MRT which will cost goverment hugh sum of money amounted to RM 36 billions.  On monday (30/8/2010), GAMUDA make a move and up 9 cents, volume on closing day show increased to 16.9 millions.  I  manage to buy at 3.40 for 3 lots but don't have  money to spend more.  I'm looking a lot of big player buy on that day, and time is running short for government to make decision to proceed with the idea or leave it for another year.  If government agree,  u will see the first resistant at 3.51 will be taken easily, then 3.84 and going sky high at 5.07 and later 5.65.  For time being, i'm happy with 6 sen profit and will be added my stake when 3.54 broken.  Watch here.




Update on Gamuda (28/8/2010)


I just come back from Phuket, Thailand today after exhausting ReCAAP seminar in hotel Milleneum.  I saw a potential on Monday (30/8/2010) to buy GAMUDA and my intention is to have at least 4 lots of GAMUDA.  I will buy at 3.39 and stop loss at 3.30.  Resistant at 3.50.  I'm sorry not able to update this blog since that hotel do not have free internet in the lobby and i need to pay quiet a large price for internet connection from my room.  Watch here.

Update on Gamuda (20/8/2010)


Wait for confirmation before buying Gamuda.  I observe the chart on 20/8/2010 (Friday), MACD histogram  still 2 red and no green yet.  Stochastic (stoch) & momentum pointing downward.  Doji formed almost at 20 MA support but u still need white candlestick for confirmation.  Play safe and be patient. Look here.