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.
No comments:
Post a Comment