Monday, August 6, 2012

Technical Analysis Aug 2012: GTRONIC (7022)


GLOBETRONICS TECHNOLOGY BHD

Observation from chart:-

GTRONIC rebound from MA20 level.

Will it break through RM1.53 level?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K already trigger BUY call.

Immediate resistant would be RM1.53 level.
Immediate support would be MA20 level.

High probability, it will retest immediate resistance.
If the bull strong enough, it might break through & go higher.

Let's watch closely.

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