Tuesday, January 14, 2014

Technical Analysis Jan 2014: GTRONIC (7022)


Observation from chart:-

After consolidate almost 3months,
GTRONIC succeed breakout RM3.20 resistance.
Will it hugging bollinger upper band & go higher high?

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

If the bull strong enough, it might hugging bolinger upper band & go higher.

If retrace down,
immediate support would be RM3.20 level.
subsequent support would be MA20/MA50 level.

GTRONIC will announce Q4 result in Feb 2014.
How do you think this upcoming Q4 result? Will it beat yr2012 ?
Do watch out the dividend.

Let's watch closely.


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