Greatec is one of newly listed company in Bursa Malaysia 2019
Trending looks forming Low High followed by LH and HH.
Breaking of from rectangular pattern in daily chart then box pattern in weekly chart, it seem possible for the price go higher.
But, there’s always a possibility that it reach MA20 IF failed to maintain above the box.
All the best and keep in...
This newly listed company shows great performance since listed in Bursa Malaysia.
We can see the price growth continuously and harmonics with the chart pattern movement.
Uptrend, small accumulation then followed by breakout of pattern.
Thus, there are probability that the price goes higher and become All Time High once the price breakout the upper box...
In my perception, rectangular pattern develop for several weeks since Three Black Crow can into the chart at the end of Dec 2018.
Follow by first attempt on April 2019 however the result was unsuccessful.
Now, we can see that the price has crossed up MA20 recently indirectly shows the possibility of second attempt.
IF the price able to break the upper box...
As for the price crossing up MA20, it indicate short term bullish.
Yes, it looks promising. But, we can see zoning (23 bid up) that need to be close first. There is probability that the price go further once the price has enough momentum to cross that zone.
On the other hand, there's sign of several attempt to break 0.88sen. If the price unable to close above...
Known as EFORCE.
I saw that the price breakout from triangle chart pattern.
Since it break upper level of chart pattern, then there is high probability for the price become higher in the short term.
In order to go bullish in long term, the recent bearish window (gap down) must be close first. IF not, there is probability that the price remain at sideway
Here's some idea regarding one of well known stocks in Bursa Malaysia.
Since Bursa is only one way market. Thus, the price breakout from diamond pattern might shown possibilities that the price would go higher.
Will see how it goes on the coming week
Thank you for your time ;)