BO of a longer period resistance line,approximately half year. Does it fall VCP pattern ??? i dunno.... anyhow use TA. Resistance line become support line. Let it fly.....we shall see how far can it goes.
A pennant breakout + pullback setup was formed
As we can see greatec is out of the triangle and going for a small pullback before going forward. to be sure , enter only when the price break the previous high at 6.3. you aslo can wait at RSI crossing up 20 , not crossing down!! Note : my view on this is not financial advice for anyone. thanks
MYX:GREATEC Slow Turtle Buy FiFT +ve MCDX Spike up Banker 47%
Series of SOWs with UHV indicated the distribution range.
MYX:GREATEC The previous week rally was unsustainable due to very weak volumes, three doji signs at the top was also a major red alert. Today, the stock dipped due to news of one of the more recent high profile client NASDAQ:RIDE , says they were unable to come up with the cash required to start commercial production. The outlook for the short to middle term...
Only entry when there are 3 Green Lines . Exit immediately when one of the lines becomes Red .
GREATEC under VCP development: 1st Contraction: ~24% (completed) 2nd Contraction: ~21% (completed) 3rd Contraction: Yet to happen 4th Contraction: Yet to happen Black line path is technical prediction based on VCP. A company with good fundamental and prospect. Definitely will under my closely monitoring watchlist.
GREATEC Theme: Tech Rst: 5.24 Spp: MA200 With important support at Fibo Ext first tier being violated, the stock will observe further dive towards MA200.
GREATECH seem to have VCP development with below contraction: C1: ~25% C2: ~6% C3: ~6% With recent QR, profit new high with 49% profit margin. Company prospect looks good as well on the EV battery which are future trend to go green energy. Disclaimer: The content provided is my personal experience sharing through technical and fundamental analysis point of...
Resistance 1 : 6.75 Support 1 : 5.67 Support 2 : 5.38 Support 3 : 4.85
Based on the current price action movement, I'm expecting greatec to test near resistant level @ 6.76 in the near term. TAYOR!
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