Wednesday, March 5, 2014

Technical Analysis Mar 2014: GTRONIC (7022)

GLOBETRONICS TECHNOLOGY BHD

Observation from chart:-
GTRONIC forming another round of bolinger band squeezes within RM3.18 & RM3.42 level.

Will it breakout RM3.42 level?

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

Immediate resistance would be RM3.42 level.
If able breakout, it's another new high. Bull run might be resume.

If retrace down or consolidate side way,
immediate support @ MA50, which is RM3.23 level.
subsequent support @ RM3.18 level.

26 Feb 2014, GTRONIC been announced dividend 4% & special dividend 10%
Both will be ex-date on 12 march 2014

Let's watch closely.

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