Greatech has great run this year. Stock is moving uptrend within beautiful uptrend channel line.
However, despite good earning just released today, the price will move sideway in consolidation mode between RM8~RM9.3 before to continue its trend. Based on Elliott wave study, the price is in wave iv and consolidation is not over yet.
Happy trading!
HHHL
strong uptrend
Y1<Y2 + GOT POWER UP
X2 might not be real or completed since it is so short
price might maintain sideway before going up
W&R??
wait for breaking previous high if want to stay on the safe side
TP @ 9.180
SL @ 5.305
MYX:GREATEC
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
Complete cycle.
Resistance / TP Reached: RM 8.25(FIBO 4.236). High risk ATM, unless it breakout 8.25. Next TP only can confirm when breakout.
Rebound at support: RM 7.32(FIBO 2.618) or (MA 25). Can take MA 25 as short term trend support line.
Greatec 18/10/2020 7.000 can be a new support here, flag pattern breakout !
Greatec 13/10/2020 breakout all time high here, Today low can be a new support here. Overall still quite strong here.
Greatec 12/10/2020 Showed a bull candle today, a further breakout above 7.040 may rally to 7.210
Greatec 1/10/2020 No doubt this will be the next after penta to go new...
GREATEC
Rst: 7.00
Spp: 6.35
Doji but healthy move as the candle paved its way above middle BB, sign of bullish trend continuation. Chance to recover further towards upper BB is there.
Greatec 27/9/2020 One of the greatest stock , you will never get it at low anymore , if there is no correction , 5.630 support holding perfectly too , 6.400 is the first resistant here, good growing stock will always goes higher and higher.
Greatec 23/9/2020 5.630 support if can hold will be good
Greatec 14/9/2020 5.630 can be a new support area
Greatech chart as of closing on 25 September 2020
- Green HA candle
- Green volume
- Pennant chart pattern
- Parabolic SAR appear from bottom
- RSI going up
1. GREATEC membuat pullback yang sihat disekitar 5.8
2. menghadapi R1 baharu di 6.1
3. risiko entry sekitar 5% dari paras support
4. mampukah ia naik dan memecahkan rintangan R3??
Disclaimer: Hanya kajian buat pembelajaran. Sila like dan share
"Right place, right vision, right action"
A small break out can be very meaning full.
next Fibo line is 9.00. Can it be real?
If you like my chart analysis, please like, follow me and share it to your friend. :)
If you have any stock to analysis, feel free to text me. I will try my best to help.
Disclaimer: Every stock analysis are purely for educational/ informational support only. It is not for buy or...
Any input @ feedback for me to improves in drawing the chart and writing down my trading plan is really appreciated. Btw, be nice please.. Thank you and have a great trading
Greatec 11/7/2020 we can see similar patterns on what i drawn here on chart, after a small corrections it will trend higher here, lets wait for the retracement to be done here, main support however quite far from current price at 4.040 , 3.880 area.
greatec SS 7/7/2020 if this to retrace, worried will be a big one , main support at 3.880, a small support at...
Greatec 4/7/2020 three white candles formations , main predicted target at 5.060 area , there might be some retracement or correct after few days of overly optimistic time here, that will be the best time for entry ! Join us at our group to monitor for the next best entry price.
Greatec 2/7/2020
Like what we commented earlier, everytime after a correction , it...
Greatec 2/7/2020
Like what we commented earlier, everytime after a correction , it will trends further to higher high
greatec 21/6/2020 you can see from the chart here , the history of greatest "Greatec", most of the time this stock are in an uptrending time , where the share price continue to shoot up higher, the only time it went for a correction is during the...
![GREATEC: GREATEC [10 November 2020] Buy On Resistant Zone Break Out](https://s3.tradingview.com/i/iVPjiwak_mid.png "GREATEC [10 November 2020] Buy On Resistant Zone Break Out")
![GREATEC: GREATEC [S] 19/9/20 : UPTRENDING](https://s3.tradingview.com/b/BJm65p4G_mid.png "GREATEC [S] 19/9/20 : UPTRENDING")
