KLCI Tumbles 53 points Early Morning

KLCI Daily Chart

KLCI still in downtrend mode. RSI-14 days in oversold area. Last candle showing the hammer which can turn to bullish mode. Anyway, we have to wait for the next candle for confirmation.

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• KLCI Tumbles 53 points Early Morning

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Gtronic at Support Level?

Gtronic Weekly Chart

From the Gtronic weekly chart above, we can see that the downtrend of the counter still intact. At the moment, the price of Gtronic at Rm0.165 which at the support level or at the 100% fibo extention. RSI-14 days is below 30 which is in oversold area. Will the Gtronic do technical rebound at the support level?

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