Tuesday, March 11, 2014

Technical Analysis Mar 2014: GHLSYS (0021)

GHL SYSTEMS BHD


Observation from Chart:-

GHLSYS forming bolinger band squeeze?

Will it retest RM0.68 support level again ? Or break out the strong resistance?

Other indicator:- 
MACD moving toward positive region, uptrend stock. 
Stochastic %K trigger SELL call, pending confirmation. 

Immediate support @ MA20 / MA50 level.
Subsequent support @ RM0.68 level.

Immediate resistance @ RM0.83 level.
Subsequent resistance @ RM0.90 level.

Let's watch closely.

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