GREATECH - DESPITE GOOD EARNING PRICE WILL MOVE SIDWAY

GREATECH TECHNOLOGY BERHAD (MYX:GREATEC)

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MYX:GREATEC GREATECH TECHNOLOGY BERHAD

Greatech has great run this year. Stock is moving uptrend within beautiful uptrend channel line.

However, despite good earning just released today, the price will move sideway in consolidation mode between RM8~RM9.3 before to continue its trend. Based on Elliott wave study, the price is in wave iv and consolidation is not over yet.

Happy trading!

Commento:

Some of the wave labelling are not correct, but the overall analysis and prediction remains intact.

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