Based on technical consideration, GDEX could be a trading BUY.
Chart: GDEX's daily chart as at Apr 8, 2015_3.00pm (Source: ShareInvestor.com)
Note:
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, GDEX.
3 comments:
Any comment on insas?
This insas will going to be hot stock on next week. Technology stock are doin well recently with high demand of semiconductor parts and trading in higher USD currency. Insas holding around 30% of Inari share and being stagnant for some times while inari keeping increase from 2.++ til 3.++ now. Is time to wake up now.
Hi Dav C & Andreas Kwan
Insas is partly riding on Inari's uptrend. Of course, it also has its own business in financial services.
Chartwise, I believe the stock has found its support at RM0.75-0.80 in December 2014 & January 2015. Thereafter it seems to have formed a symmetrical triangle. Last Thursday (Apr 9), it broke above that triangle; thus signaling a continuation of its longer term uptrend.
Its immediate resistance is at RM1.00 & beyond that at RM1.20.
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