Thursday, June 18, 2020

GPacket: No Hurry to Sell

After 3 weeks of painful profit-taking, GPacket and GPacket-WB have dropped back to their respective tentative uptrend lines. If they do not break below the uptrend lines, they may find their support here and slowly begin their recovery. Both securities may be at a good level for slow accumulation. 

Chart 1: GPacket's daily chart as at Jun 17, 2020_4.00pm (Source: Malaysiastock.biz)

Chart 2: GPacket-WBs daily chart as at Jun 17, 2020_4.00pm (Source: Malaysiastock.biz)

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