GLOBETRONICS TECHNOLOGY BHD
Gtronic stock code 7022
Chart wise : Waiting for a breakout …….
above: click to enlarge
Gtronic remained in symmetrical triangle, it had on 14/4/2010 traded higher to a day high of RM1.57 before settled at RM1.55.
Price Direction …..
In view of an increase in market participation, the stock could be expected to trade sideways in coming day(s) with an overhead resistance pegged at RM1.60.
What to watch for ….
A turnaround of prices to close below RM1.48 level would likely see an immediate short term reversing direction in the stock.
source: Mercury Securities
