Wednesday, April 08, 2015

GDEX: Continuation of prior uptrend

GDEX has broken above the line connecting the peaks for the past 10-11 months (A-B). This breakout at RM1.70 could send the stock to RM2.00-2.10.

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.
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3 comments:

  1. David ChanThursday, April 09, 2015 4:52:00 PM

    Any comment on insas?

    ReplyDelete
  2. Andres KwanSaturday, April 11, 2015 11:33:00 PM

    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.

    ReplyDelete
  3. Alex LuTuesday, April 14, 2015 9:00:00 AM

    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.

    ReplyDelete