////////////////
Share

Support line 0.670 is broken. Krono is expected to be touching 0.490 - 0.500 level in less than a month. 


    


Share

 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.




Share

 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. 





Based on the chart, the generic price for carlsberg is RM24+- . Forget about the spike to RM31 as it was just pump and dump in a very short period.

Thus, the upside potential is limited even after the pandemic is over, but the downside risk is higher. 

Share

 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.






Share

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. 



The very solid support line at 2.30 is also broken as of now when this article is written. unless by end of the day it is able to close above the 2.30. Else, Technical side looks really bad.

Share

 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 :




Share




here i will not talk about fundamental as most of you already read it in many places, mostly talk about high ASP , thus the profit will shooting up.

So, i will touch on the technical side as i have been monitoring this pattern to form and it did.

1) now topglove is entering wave 4 , i foresee a wave 5 is coming which is a bullish sign.

2) price/volume divergence. As shown in yellow color line. This is another bullish sign again.


// extra code Protected by Copyscape Duplicate Content Software //end here