Gtronic has been seeing 15% markdown since early December.
We observe ema 5 is crossing up to ema 20 line soon. Expect this stock to break down trend.
TP is 2.88, EP 2.72-2.76, best EP is 2.73 at strong support. CL is 2.71
A Malaysian semiconductor stock listed on the KLSE, coming towards the upper boundary of a 5-year consolidation pattern.
Depending on how you draw it, it could be a rectangle or an ascending triangle - no matter, the pattern is bullish at this point in time.
The icing on the cake is the small symmetrical triangle forming on the daily chart, which will work nicely...
Ascending triangle breakout earlier. Looks like a premature breakout. Nonetheless, it closed at above resistance turn support line. Will need to monitor to see if it will fall back further for potential entry.
After recent sideway breakout it looks like some profit taking is underway. Looking at the Heikin Ashi candlestick chart however it seems like there is still hope that this will be a successful pullback. US technology stocks are also looking green with Apple reaching all time high and Intel showed promising result. Probably Bursa tech stocks will rally next week?...
