Technical Analysis Aug 2020: GTRONIC (7022)

GLOBETRONICS TECHNOLOGY BHD 

Observation from chart:- 

GTRONIC trading within the band, forming higher high & higher low.

How high will it go? 

Other indicator:- 

MACD trade at positive region, uptrend sign. 

Stochastic %K on BUY call itinerary. 

Immediate resistance @ RM2.65 level 

Subsequent resistance @ RM2.90 level. 

Immediate support @ RM2.46 level. 

Subsequent support @ RM2.33 level. 

Let's watch closely for opportunity.

Technical Analysis Oct 2019: GTRONIC (7022)

GLOBETRONICS TECHNOLOGY BHD

Observation from chart:-

GTRONIC retest RM2.17 resistance level.

Will it breakout & go higher?

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

Immediate resistance would be RM2.17 level
Subsequent resistance would be RM2.28 level.

Immediate support @ RM2.08 level.
Subsequent support @ RM2.00 level.

Let's watch closely.

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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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.

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.

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.

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.

Technical Analysis Jan 2014: GTRONIC (7022)

GLOBETRONICS TECHNOLOGY BHD

Observation from chart:-

After consolidate almost 3months,

GTRONIC succeed breakout RM3.20 resistance.

 

Will it hugging bollinger upper band & go higher high?

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

If the bull strong enough, it might hugging bolinger upper band & go higher.

If retrace down,
immediate support would be RM3.20 level.
subsequent support would be MA20/MA50 level.

GTRONIC will announce Q4 result in Feb 2014.
How do you think this upcoming Q4 result? Will it beat yr2012 ?
Do watch out the dividend.

Let's watch closely.