Saturday, September 12, 2015

Technical Analysis Sept 2015: GTRONIC (7022)

GLOBETRONICS TECHNOLOGY BHD 

Observation from chart:-

GTRONIC is forming symmetrical triangle pattern?

Will it breakout the resistance & go higher?

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

Immediate resistance would be RM5.99 level which is MA100.
Subsequent resistance @ RM6.24 level.

If retrace down, immediate support @ RM5.75 level.
Subsequent support @ RM5.50 level.

Let's watch closely.

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