Sunday, February 16, 2014

Technical Analysis Feb 2014: GHLSYS (0021)

GHL SYSTEMS BHD

Observation from Chart:-

GHLSYS forming descending triangle pattern.

Will it retest RM0.675 again ? Or break out the resistance?

Other indicator:-
MACD trade at negative region, downtrend stock.
Stochastic %K trigger BUY call again, pending confirmation.

Immediate support @ MA20 / MA50 level.
Subsequent support @ RM0.675 level.

Immediate resistance @ upper triangle level.
If able breakout upper triangle, higher high been confirm, it might be resume bull run.

Let's watch closely.

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