Apr 16, 2010

GTRONIC Buy On Dips

GTRONIC – RM1.55  FIRM BUY (TECHNICAL)

Globetronics Technology Berhad  (GTRONIC)  through its subsidiaries manufactures and assembles integrated circuits, optoelectronic products, technical  ceramic substrates, ESD protective materials, small outline components, and technical plating services and packaging materials.  It also sells computer hardware and software.

gtronic-latest-chart

GTRONIC reached its Wave 3 high in March 2010 and has since consolidated within a Symmetrical Triangle. With the positive indicators above supporting our upward and Potential Symmetrical Triangle breakout view,  GTRONIC has excellent potential to trend higher and test our resistance areas of RM1.59 and RM1.66.

FIRM BUY (TECHNICAL) on dips
for GTRONIC with firmer support areas at RM1.37 and RM1.55 and potential upside target areas of RM1.90 and RM2.30. Stop-loss is at RM1.35.
source: Maybank Investment