KUALA LUMPUR (Jan 30): RHB Retail Research said Globetronics Technology Bhd may rebound further.........“Towards the upside, the immediate resistance is at the RM2.64 mark. This is followed by the RM2.75 level,” it said.
Globetronics Technology may rebound further after it tested MYR2.32 support lately. Given that it has formed a long white candle above the rising 21-day SMA line, this indicates a POSITIVE SIGN.
A positive bias may emerge above the MYR2.40 level, ( Closed RM 2.45 on Wednesday 5/2/2020. )
Towards the upside, the immediate resistance is at the MYR2.64 mark. This is followed by the MYR2.75 level.
Apple will out iphone se2 in march and new 5G iphone in september. Now apple wan conquer mid range market with iphone se2. Gtronic is one of the vendor to iphone.
Apple future forecast down ... Gtronic die!!! still got people buy to 2.39??? want to let go share onhand to others at this high price... go to hill la...
PE now around 30. Reach 20 whenever there is a crisis. But 20 is too low for a heating sector benefited from US-Sino trade war. Expect it to stay in around PE25 which is around 1.88.
Amazon PE stuck at 80 because Amazon is killing all its competitors and became king in online retail biz and create good wills in non-retail biz such as online movie streaming and tablets. I don't think this company can kill all its competitors and also create a good well in other sectors as well.
Covid-19 and politician unstable make economy slown down fundamental company metamorphism ,expect local and foreign funds money would not flow in big cap and mid cap stock because everybody scare buy high losses money . In this few month expect Funds manager money would flow out in bigcap and midcap stocks and will short selling midcap stocks for make money so now no prospects cannot buy and hold . market stock RM5.00 drop to RM 2.00 ,followed RM2.00 drop RM1.00,followed RM1.00 drop to 50 cent,followed 50 cent drop to 20cent ,followed 20 cent drop to 10cent ,followed 10cent drop to bottom. This is a opportunity markets money no longer will flows in cheaper stocks sharks will goreng lows price stock at bottom..
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
GooShen
5,400 posts
Posted by GooShen > 2020-01-30 15:08 | Report Abuse
Proven GooShen is excellent!! Drop from 2.48 to 2.40 now, ask you sell you no listen. Now cut loss you happy !!