GBGAQRS trade ideas
GBGAQRS: SOME SPACE TO GO- Golden cross for moving averages.
- Strongly supported by volume profiles around the base.
- Development theme around coming state election.
- Eyes on construction sector
Disclaimer:
For discussion and sharing purpose only. NOT entry recommendation. Trade at your own risk.
#TAYOR
A Breakout Signal!A breakout signal when significant price movement to the highest level where the price moving outside a Bollinger Band (BB) top-level with increased volume. MACD and OBV charts show a divergence signal. The price is above MA20 together with MACD and OBV signal. Hence, high probability GBGAQRS will be in an uptrend pattern. Put in your WL and watch out for significant price movement.
R 0.625
S 0.550
GBGAQRS at Historical Major Support Area, Position EntryPersonally, what I learnt is there must be a Technical Analysis Strategic Plan in order to increase the risk-to-ratios favourable risks.
1. Draw Support & Resistance
2. Identify the stages (Accumulation, Advancing, Distribution, Declining)
3. Entry Triggers
4. Stop Loss
5. Exits
I have learnt during my past mistakes that we should let the stock price comes to us, rather than us chasing the stock prices!
RSI rebounded from Oversold Position, Personally i believe 0.56-0.57 very good entry position for GBGAQRS. Low Risks High Reward after Recovery
GBGAQRS Major Support & ResistancePersonally, what I learnt is there must be a Technical Analysis Strategic Plan in order to increase the risk-to-ratios favourable risks.
1. Draw Support & Resistance
2. Identify the stages (Accumulation, Advancing, Distribution, Declining)
3. Entry Triggers
4. Stop Loss
5. Exits
I have learnt during my past mistakes that we should let the stock price comes to us, rather than us chasing the stock prices!
GBGAQRS Major Support & ResistancePersonally, what I learnt is there must be a Technical Analysis Strategic Plan in order to increase the risk-to-ratios favourable risks.
1. Draw Support & Resistance
2. Identify the stages (Accumulation, Advancing, Distribution, Declining)
3. Entry Triggers
4. Stop Loss
5. Exits
I have learnt during my past mistakes that we should let the stock price comes to us, rather than us chasing the stock prices!
Investment Idea GBGAQRS (mid/long term) Investment Idea GBGAQRS (mid/long term)
Good prospect under construction & property business.
Extracted from Q4 2020 Financial Results ( Company Announcement )
i) Construction Division
The Group’s construction division is armed with a healthy outstanding orderbook of RM1.4 billion, that will sustain earnings and cashflow contribution up to FYE 2023.
In FYE 2021, we are targeting an orderbook replenishment rate of RM400 million. Year to date, the construction division has secured RM84.8 million in new construction jobs. While we continue to be on the lookout for new construction jobs, prospective jobs will have to generate healthy margins and cashflows.
Progress works at both our construction and property development divisions are at full- capacity , and barring any unforeseen circumstances, would stage sequential growth in activities, in line with the S-Curve trend.
ii. Property Development Division
Response of our property developments continues to be encouraging, with a total of 530 units or RM302.6 million of our entire development portfolio of 1,645 units or RM1.1 billion has been sold as at 31 January 2021. In addition, we have 148 units of properties worth RM91.5 million that has been booked, and are in the process of sales conversion. As at 31 December 2020, our unbilled property sales stood at RM244.5 million.
The all-time low OPR rate , leading to lower mortgage financing rates has given rise to interest in our developments. Aside that, the proposal in Budget 2021 for a stamp duty exemption for the memorandum of transfer and loan agreements for homes worth up to RM500,000 an immediate benefit to us, as a bulk of our properties that are for sale are within the range of incentives by the Government.
Disclaimer: This trading idea is strictly intended for informational purposes only so please do your own analysis before making any investment decision.
Bullish Belanjawan 2021GBGAQRS is edging higher this week. There was a Golden cross coincide momentum building up seen on MACD histogram preceded by a Double Bottom reversal pattern. Our short term target is at 1.20. Exit price below 0.58
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
GBGAQRS- Potential StockGBGAQRS- has completed 5 waves- highest RM 0.78.
Currently, in the correction wave. If this rebound above FIBO 61.8% should complete wave (a) and next to wave (b)
potential swing upon complete wave (c) -
Suggestion- if price Breakout Down Trend Line (DTL) and next target (1)- RM0.78; (2) Fibo extension - 161.8%
if price below RM0.65.
