GTRONIC trade ideas
Gtronic - QR soon, will it be positive / negative?Price was closed below Hull MA.
Stochastic and RSI are at oversold area.
Broken few supports, and drop above -19%
Possible rebound? Yet have any confirmation.
It's important to remember that oversold / overbought conditions do not necessarily mean a reversal is imminent. They can sometimes indicate the strength of the current trend.
Disclaimer: The mentioned stocks are based solely on personal opinions for educational and discussion purposes only. There are no buy or sell recommendations. Trading involves financial risk, and you are responsible for your own decisions. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the information contained herein.
GTRONIC, trend reversal?>> broken EMA 20
>> Price trade below Hull MA
>> -10% in a week
>> An OS counter at this moment
Might rebound. 168 area as nearest R.
Operator might slowly distribute their holding.
If you ask a trader - the question I will ask is this, assuming I do not have positions yet, and at this price point, will I buy in?
If the answer is no, I will sell.... But that's a trader... Maybe you should also ask yourself, how much do you and other like or patronize their business?
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.
Potential rebound near Support- GTRONIC1. Past price movement reveal such consistent price reaction when approaching MA150 level. Its appears as a significant point of support or resistance, influencing the price movement notably.
2. From recent price momentum, we can see that price hit near MA150 and can expect rebound from current level. This projection is supported by the observation of a consolidation triangle pattern, which typically suggests a temporary balance between buyers and sellers before a potential breakout in the direction of the preceding trend.
3.Referring to the substantial trading volume observed within the price range of 1.32-1.37, suggests that market participants are actively engaging in trading activities within this range, it is crucial to closely monitor within this price range to gauge the potential price rebound.
GTRONIC ANALYSIS
Price already touch our second entry and attempting to form a cup and handle pattern. Expecting the price to complete the handle formation and break resistance 2 and the short-term trendline, then can look for buying opportunity. This setup is suit for position trader.
This message is for education and information purposes only. It shall not be construed as an offer/solicitation or recommendation to buy/sell any stocks.
Gtronic - correction phase.Need to stay intact with the blue uptrend line to continue north journey. Once broken GG.com.
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.
GTRONIC - Inverted head and shoulders patternPrice has broken the trendline on 18/07/2022 and formed inverted head and shoulders pattern.
The price has also passed the neckline of the inverted head and shoulders indicated potential reversal for GTRONIC.
Potential entry:
RM1.19 - RM1.23
Resistance:
RM1.58
Support:
RM1.16 / 1.10
Disclaimer: This trading idea is for education purpose only. This is not a buy call nor a stock recommendation. Please trade at your own responsibility.
Trend Rider 211. Weekly starting to make an uptrend with price managed to broke strong resistance at RM3. EMA 10>EMA 30>EMA 200.
2. Daily in wave 4 with reversal at 0.5 level also RBS. Hammer formed followed with strong bullish candle. Price above EMA 200.
3. Bursa Marketplace rating 6 (fund 10) CTP RM2.9, isaham 11.1 FV RM3.14, i3 RM2.78.
4. From isaham score.
GTRONIC - Consolidation Break AttemptNO INVESTMENT ADVICE IS PROVIDED
DISCLAIMER
Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement to the public to take action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives. The author will never provide any investment or trading advice as the activity of giving investment advice is likely to be considered as a regulated activity under the Capital Markets and Services Act 2007 ( CMSA ). All posts made in Tradingview do not include any communications involving providing recommendations or opinions or includes any material, content or any statement which are likely to induce a person to take any action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives that is likely to be considered as “advising others concerning securities or derivatives”. The author will not recklessly make any statement, promise or forecast that is misleading, false or deceptive to induce or attempt to induce another person to deal in securities or derivatives. None of information posted in post can be used as investment decisions. Do not trade solely on the information posted. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
Catching a falling knife is dangerous BUY
- Not recommended when it’s on a downtrend within a channel
SELL
- Cut loss immediately to be in cash position
RATIONALE
- Support can be broken easily
- Chart would have shown the reasons ahead of any announcement
- Do not fight with the tape
- Possible entry was early in the beginning of the year at around 2.8 after establishing a base for almost 160 days – which would result in around 20% profit
- Nail down profit after it broke ATH would have protected the profit and avoid the downtrend
[25.1.2020] - Trading Idea GTRONIC 7022Disclaimer: The information here is not an investment advise nor trading advise. It is very important to do your own analysis before making any investment decisions based on your own personal circumstances.
Description: Breakout of strong resistance on 3.00 with high volume build up in since 13 Jan 2021. Expect GTRONIC to continue moving higher if stock price can stay above 2.95.