ShareWorldConsulting
Long

GTRONIC, Consolidating After a Breakout; A Trend Begets a Trend?

MYX:GTRONIC   GLOBETRONICS TECHNOLOGY BHD
Bias: Short term consolidation ( pennant ), with moving averages (MA) in bullish formation.

Stop-loss: 2.00
// This region is the breakout point of the previous resistance, as well as whole number psychology effect.

1st target: 2.27
// Previous high as minor resistance.

2nd target: 2.46
// Projected target from fibonacci extension as well as major resistance region.

Gentle reminder: Plan the trade and trade the plan. Trade at your own risk. Stay tune!

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If you have any questions or trading ideas, please post them in comments!
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Dec 27
Comment: 1st target reached with breakout; Nice one!
Congrats to any who bought :)
Jan 21
Trade closed: target reached: Congrats to our members! 18.75% in 49 days.

Reached 2nd target: 2.46 and started sideways correction.

Thanks for the support :)

Comments

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