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Guan Chong Bhd.Guan Chong Bhd.Guan Chong Bhd.

Guan Chong Bhd.

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GCB trade ideas

Guan Chong (5102.KL) Completed Pullback PatternCurrently, Guan Chong is forming a similar pattern with Revunue (0200.KL) and the Pullback just completed on 4 December 2018. Notice there is no Sign of Weakness in the recent bars indicating Smart Money yet to distribute the stock. The confirmation from this Pullback gave traders another opportunity to trade with lower risk. Do note that the background based on the daily chart is still strong. Stop Loss = $2.74 1st Target = $3.15 2nd Target = $3.30 Send us your preference stock to review based on TradeVSA chart by comment at below
MYX:GCBLong
by MartinTFWong
Guan Chong to Test New High after +17% Profit since Confirmed SpGuan Chong moving up nicely in uptrend after a re-accumulation stage in October. The background is relatively strong with long accumulation period since April and several 18 Line Change bars to push above the resistance level. Currently Guan Chong is testing the new high (resistance level) with an 18 Line Change bar. However, notice the volume (16 November 2018, 4pm) is still low compare to the previous 18 Line Change bar on 12 November 2018. Guan Chong probably will move sideways if it failed to break to new high with low volume. Look for Spring and No Supply signal at the new support level for the potential trade with lower risk. Disclaimer This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock.
MYX:GCBLong
by MartinTFWong