Sunday, November 2, 2014

Technical Analysis Nov 2014: GTRONIC (7022)

GLOBETRONICS TECHNOLOGY BHD 

Observation from chart:-

GTRONIC forming ascending triangle?

Will it breakout & go higher?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K trigger BUY call.

Immediate resistance would be RM4.53 level.
Subsequent resistance @ MA50 level.

If retrace down, immediate support @ MA20 level.
Subsequent support @ RM4.20 level.

Let's watch closely.

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