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Thursday, May 05, 2016

Gtronic: Bullish Reversal Achieved?

Gtronic has a candlestick pattern over the past 2 days that's very similar to a bullish engulfing pattern. After its recent sharp drop, the stock may stage a decent recovery. Its immediate resistance could be at the RM3.80 & then at the psychological RM4.00 mark.

Based on bullish reversal, Gtronic could be a trading BUY.


Chart: Gtronic's daily cahrt as at May 4, 2016 9Source: 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, Gtronic.

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