GREATEC
GREATEC - in pullback, but long term upside potential (39%)Possibly still completing formation of HL, before continue its bull. Currently within collection area (32.8%-61.8%). Watch for rebound.
Invalidated if price to close below previous HL (5.35)
Resistance lines were drawn using Fibo 1.272 across multiple H and HH waves.
# For education purpose only
TAYOR
GREATEC (27/11/2020) on ascending triangleGREATEC is testing resistance zone 9.02-9.11. Breakout from this zone will be breakout from ascending triangle, and new TP could be @ 10.940.
MACD in H2 chart already signals a breakout, with RSI showing momentum.
A good entry would be after the ascending triangle breakout.
EP 9.12
TP 9.75 / 10.94 (RRR 1:2)
SL 8.27
GREATEC is market leader in Technology Equipment sector with competitive 626M shares compared to its competitor PENTA of 712M shares. This adds more speed factor to price action of this stock.
TAYOR