Gtronic continues uptrending after a successful breakoutAmid the euphoria on tech sector, Gtronic is expected to continue to be bullish for quite sometime. Target TP is 3.500
Gtronic
Globetronic - Ending a 15 day downtrendGtronic has been seeing 15% markdown since early December.
We observe ema 5 is crossing up to ema 20 line soon. Expect this stock to break down trend.
TP is 2.88, EP 2.72-2.76, best EP is 2.73 at strong support. CL is 2.71
KLSE: GTRONIC - Coiling for a breakoutA Malaysian semiconductor stock listed on the KLSE, coming towards the upper boundary of a 5-year consolidation pattern.
Depending on how you draw it, it could be a rectangle or an ascending triangle - no matter, the pattern is bullish at this point in time.
The icing on the cake is the small symmetrical triangle forming on the daily chart, which will work nicely as a launching pattern once there is a breakout.
GTRONIC 31/7/2020Ascending triangle breakout earlier. Looks like a premature breakout. Nonetheless, it closed at above resistance turn support line. Will need to monitor to see if it will fall back further for potential entry.
GTRONIC - Heikin Ashi AnalysisAfter recent sideway breakout it looks like some profit taking is underway. Looking at the Heikin Ashi candlestick chart however it seems like there is still hope that this will be a successful pullback. US technology stocks are also looking green with Apple reaching all time high and Intel showed promising result. Probably Bursa tech stocks will rally next week? Let's wait and see.
GTRONIC BULLISH(JUST BREAKOUT!!)1. VOLUME SUPERB INCREASE
2. MA 50,200 CROSS-> STRONG BULLISH WILL COME
3. FOR FA,ADVANTAGE OF US-CHINA TRADE WAR
