Technical Analysis July 2014: GTRONIC (7022)

GLOBETRONICS TECHNOLOGY BHD

Observation from chart:-

GTRONIC succeed breakout RM4.45 resistance level.

How high will it go?

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

Immediate resistance would be RM5 psychology level.

If able breakout, it's new high record.

If retrace down or consolidate side way,
immediate support @ RM4.45 level.
subsequent support @ MA20 level.

Let's watch closely.