GBGAQRS trade ideas
gabungan AQRS - top 20 jewel series of malaysia stockstop 20 jewels frm a very popular local bank...
fundamental : I don't know...
technical : let's look at some price action...
Like many of its peers in the top 20 jewels, gbg-AQRS is another stock which has a short-list of daily data...dated back to 2012...(normally, 10 years data will be presumably more accurate/reliable...?). the price range frm RM0.60-2.10...
the price juz rebound a little frm “the Big Fall” in mid March, frm the low of RM0.62 till now, RM0.90...overall, it is still in downtrend...
current support : RM0.80
lower support : RM0.62
resistance : RM1.18...
higher resistance : RM1.50.
overall, gbg-AQRS is still in downtrend, it needs to break abv the RM1.18 high which is also the previous structure high in order to show a reversal of trend...
WARNING : this is juz a trading idea...trade at your own risk!
plz like and share...
SnR #25 :GBGAQRS - SEKTOR PEMBINAANPADA 30/6 TERDAPAT 2 CANDLE SPINNING TOPS PADA HARGA 0.85.... JENIS CANDLE KETIDAKPASTIAN.... ARAH SETERUSNYA AKAN DITENTUKAN OLEH CANDLE SELEPAS INI.... NAIK, TURUN ATAU SIDEWAY
#NEWBIE
A long trade idea.. GBGAQRS : This trade forecast will going more upper trends. But, the trade need fight with the ceiling resistance first, before going to the next level.
Time for GBGAQRS to REBOUND after a DEEP CORRECTIONWe have been monitoring how GBGAQRS has been undergoing a correction phase since reaching its peak on 24 July 2019. We are expecting it to pile its support at RM1.19 and now building its momentum back up. We have ECRL projects incoming and turnover from past projects to kick in in the upcoming quarters. With all these in place and a strong analyst consensus, we are taking our bet to set entry at a low. MACD and RSI are showing oversold positions. All the best!
