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GUAN CHONG BHDGUAN CHONG BHDGUAN CHONG BHD

GUAN CHONG BHD

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GCB trade ideas

GCB wave 3, should enter before thisLooking at the chart for Guan Chong Berhad, here's my analysis: Current Price Action: - Trading at RM4.11, up 5.12% - Currently in an uptrend following bottoming pattern - Price above all major moving averages Elliott Wave Analysis: - Completed waves i through iv - Currently in wave v of the upward move - Potential target around RM4.32 (wave v projection) Key Technical Levels: 1. Support: - Strong support at RM3.68 (0.382 Fibonacci) - Secondary support at RM3.48 (0.5 Fibonacci) - Critical support at RM3.29 (0.618 Fibonacci) 2. Resistance: - Immediate resistance at RM4.26 (recent high) - Major resistance at RM4.32 (wave v target) - Previous high around RM4.40 Financial Events: - September 2024: MYR-436.425M (-6.41%) - June 2024: MYR-410.132M (+40.40%) - March 2024: MYR-688.184M (-129189.60%) Trading Considerations: - Strong upward momentum - Volume confirming price action - Risk/reward favorable at current levels - Stop loss could be placed below RM3.68
MYX:GCBLong
by pengamalgelombang
Simple13 Trading IdeaCurrent Price: RM 3.01 The latest earnings report for this stock is solid, but the absence of a gap-up at market opening suggests the result was already priced in or met investor expectations. Fundamental Strength: PE Ratio: Less than 10 (indicating undervaluation). ROE: More than 10 (reflecting strong efficiency in generating returns). These financial ratios highlight the company's solid fundamentals, making it a potential candidate for accumulation. Trading Plan: Take Profit Area: RM 3.01 to RM 3.60. Entry Area: RM 3.01 to RM 2.90 (consider entering on pullbacks). Cut Loss: RM 2.80. If the price drops below RM 2.80, the pullback could be deeper than expected, likely falling below the 20 EMA, signaling a higher risk. Summary: The strong fundamentals make this stock attractive, while the lack of immediate price action post-earnings provides an opportunity for buyers to accumulate near support levels. Keep an eye on technical signals and manage risk appropriately. Disclaimer: This is not financial advice and is for informational purposes only. Always do your own research before making any trading decisions. MYX:GCB
MYX:GCB
by Simple13_Trading
Taking 1st Profit for Guan Chong & SupercomnetGuan Chong & Supercomnet still showing strength in the chart after 18 Line Change with high volume. Members are advise to use Income Cash Method to take 1st profit and let the rest run until confirmation of Sign of Weakness. Send us your preference stock to review based on TradeVSA chart by comment at below. Disclaimer This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
MYX:GCBLong
by MartinTFWong
Guan Chong (5102.KL) Completed Pullback PatternCurrently, Guan Chong is forming a similar pattern with Revunue (0200.KL) and the Pullback just completed on 4 December 2018. Notice there is no Sign of Weakness in the recent bars indicating Smart Money yet to distribute the stock. The confirmation from this Pullback gave traders another opportunity to trade with lower risk. Do note that the background based on the daily chart is still strong. Stop Loss = $2.74 1st Target = $3.15 2nd Target = $3.30 Send us your preference stock to review based on TradeVSA chart by comment at below
MYX:GCBLong
by MartinTFWong