kgiap123

GREATEC ready to breakout.

Long
kgiap123 Updated   
MYX:GREATEC   GREATECH TECHNOLOGY BERHAD
14 April
Greatec breaking out from symmetric triangle after 2 weeks of consolidation with stronger volume and bounce from fibo 0.382

FiFT breaking above average and ATOM buy signal appears..
Comment:
Potential forming shooting star after hitting 2.8.
Take some or all profit
or shift SL to 2.66
Comment:
Breakout success
Settled + 13%
Max price movement +18% (Took partial profit)
No fast turtle sell. Move SL to protect 11% profit.
FiFT +ve
Comment:
This week Added +5.15 % (+18% since 14 April)
Hitting 2nd Target at 2.9
Weekly FiFT turned +ve

Slow Turtle Buy signal appears and price rally above EMA9.
FiFT, ATOM and price action still healthly..
Golden Cross happen this week. (EMA20 crosses above EMA50)

Next target 3.1 and potentially complete V-shape recovery (3 is psychological resistance that GREATEC Bull need to fight)

Take profit or shift SL to 2.69 (-6%)
Comment:
Rounding bottom Target 4.8 Hit. Now doing Healthy retracement judging from smaller selling volume. FiFT still +ve. No Slow Turtle Sell.
If able to sustain 4.5 support, then possible next target is 5.4
Comment:
5.4 Hit
Next target 6.4..
Comment:

No ATOM SELL at all...

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