GAMUDA Is Forming A Bullish Patten

GAMUDA 2QFY2010 will be out on this week 25 March 2010 and news review out some positive some not. So usually the news is to send us retail investor wrong information of understanding. If they want retail investor to jump in, they will review out positive news with long term target price and so the opposite ways.

Base on the chart, big fund may accumulate some share between RM2.80 to RM2.70 and it also forming a bullish patten. For me I think before the financial result review on 25 March 2010 the share price may likely to hits above RM2.80 with some vol, however if not the share may keep on this level for some time.

To know any possibility to make profit on this share, today closing price and vol may review some info.

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My investment with RM5,000 initial capital have been growing since 2005.I found the stock market appears confusing and complicated, but it is most definitely based on logic "supply and demand". However, the laws of supply and demand as observed in the markets do not behave as one would expect. To be an effective trader, there is a great need to understand how supply and demand can be interpreted under different market conditions and how to take advantage of this Off Market Transactions in KLSE.

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