GESHEN trade ideas
Geshen Operates in Malaysia and Vietnam in Correction I think?Stochastic already OB. Wait lower at C for safe EP.
The Company is organized into two main geographical segments: Malaysia, which consists of the manufacture of plastic molded products and components, and Vietnam, which consists of the manufacture of plastic molded products and components. The Company provides various precision manufacturing solutions, including engineering services, tool fabrication, injection molding and spray painting. Its other secondary processes include screen printing, pad printing, foil printing, assembly, induction bonding, ultrasonic welding and heat staking. The Company's subsidiaries include Ge-Shen Plastic (M) Sdn. Bhd., Ezec Technology (M) Sdn. Bhd., Polyplas Sdn. Bhd. and Ge-Shen (Vietnam) Co., Ltd.
EPS 11.77
Market Cap 225.5M
Shares (mil) 110.02
TAYOR BAYOR
BREAKOUT STRONG RESISTANTFundamentally good company.In industrial product and service sector.Overall quarterly report shows increasing sales and profit since past 2years.
Price just brokeout major resistant with a very high volume.Im expecting price to retrace back to previous RBS (resistant become support @ 2.03) as shown by red arrow,before rebounce back to continue its uptrend movement.Currently price is just retracing,evidence by downward price movement with lower volume.Weekly MACD already crossing upward
GESHEN a Hidden GemMonitor for entries near support at 1.530 and 1.405 if it continues to retrace from today. Ascending nicely in parallel channel since it broke out from triangle pattern on 18 Jan and bankers are solidly in position since.
Core business is plastic injection moulding and metal stamping which are vital for EMS.
Disclaimer: Trade at your own risk.
GESHEN TrigonometryCorporate Name : GE-SHEN CORPORATION BERHAD
Symbol & Code : GESHEN (7197)
Board : MAIN
Shariah : Compliant
Sector : Industrial Products & Services
Sub-Sector : Industrial Materials, Components & Equipment
• Weekly: Still in stage 4. The price rises from an extreme bottom. Candles soar above 20ma
• Daily: The price movement repeats its triangle continuation pattern. If the same cycle remains, expect another breakout when 20ma touces 50ma again
• EP: 0.9-0.95
<TradeVSA> Geshen - Pocket Pivot in Re-accumulation1. Accumulation Stage
- Change in behaviour with increase on volume
- Green Pentagon in accumulation
- Shakeout completed
2. Re-accumulation Stage
- Climatic volume on Line Change
- Supported well with No Supply and Spring signal
- Pocket Pivot
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Gap UpFollowing the collapse since Nov 2017 the share has bottom at Fibonacci level 1.618 and completed a saucer bottom pattern. The share has broken a significant resistance at 0.685 in Aug and opened a gap up today, broken a downtrend line, preceded by a formation of Golden cross in Oct. Our view is bullish, with a short term target price at 1.105 and 1.61 for long-term holding. Exit on daily close below 0.50
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
