Sunday, May 1, 2016

Technical Analysis May 2016: GTRONIC (7022)

GLOBETRONICS TECHNOLOGY BHD 

Observation from chart:-

GTRONIC break the bolinger band squeeze support level already 34%.

Will it technical rebound?

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

Immediate resistance would be RM3.50 level
Subsequent resistance would be RM3.84 level.

Immediate support @ RM3.42 level.
Subsequent support @ RM3.00 level.

Let's watch closely for reversal candlestick for technical rebound opportunity.
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