Support line 0.670 is broken. Krono is expected to be touching 0.490 - 0.500 level in less than a month.
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Support line 0.670 is broken. Krono is expected to be touching 0.490 - 0.500 level in less than a month.
Greatec form a double Top pattern which is a bearish sign. Traders need to be extra cautious as this chart pattern indicate the price will going south.
Carlsberg just reported a profit of 21.73 cents per share for Q12021. which is lower than Q12020 due to covid19 pandemic. Q1 is the strongest quarter due to CNY sale. As a result, the rest of the year will be lower in revenue and profit. thus, with current price of RM21.xx , i believe it will going south for the next 6 months. Coupled with increased covid19 cases in Malaysia and Singapore. Q22021 will be very bad.
Thus, the upside potential is limited even after the pandemic is over, but the downside risk is higher.
Unisem has broken the strong support line today. For short to mid term traders, better sell first as technically show there will be further downside.
For long term investor. watch out the coming quarter if the earning can recover. The current quarter does not earn a decent profit to sustain the share price.
By refering to my previous article on Gtronic https://moneynology.blogspot.com/2021/04/gtronic-technical-analysis-after-news.html
It is confirmed today that the head and shoulder pattern is real and the neckline is broken today.
Rumours saying Apple might change the supply chain from AMS AG to STMICROELECTRONICS has made Gtronic share price dropping for the past few days. From TA point of view, it is head and shoulder which is a bad sign :