GBGAQRS (5226) : Off to the Races!

GBGAQRS (5226) : Off to the Races!

GBGAQRS-WA broke to the upside of its trading range at RM0.45 yesterday (see Chart 1). This morning, the share also broke above its trading range at RM1.30 (see Chart 2).  


Chart 1: GBGAQRS-WA's daily chart as at Mar 13, 2015_10.30am (Source: ShareInvestor.com)


Chart 2: GBGAQRS's daily chart as at Mar 13, 2015_10.30am (Source: ShareInvestor.com)

 GBGAQRS was trading at around RM1.20 or near the line, SS connecting its trough for the past 15 months. The stock has recently broken above the intermediate downtrend line, RR at RM1.25.


Chart 3: GBGAQRS's weekly chart as at Mar 13, 2015_10.30am (Source: ShareInvestor.com)

With the upside breakout of the trading range for both the warrant & share, it is likely that GBGAQRS may commence its upleg soon.

Note:
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, GBGAQRS & GBGAQRS-WA

 http://nexttrade.blogspot.com/2015/03/gbgaqrs-off-to-races.html