Global Testing Corporation Limited provides testing services to the semiconductor industry such as wafersorting and final testing services. The Group's operations are in US and Taiwan and counts among its customers the world's leading foundries namely TSMC and UMC.
Technically, immediate support is at .245, from RSI we see that it is heading into the 30% oversold region. It is important to observe the price movements at this point; if prices breaks down from .245 and rsi into the oversold region, it means the support established at the previous oversold point has been broken and
it has effectively entering a new downtrend. On the otherhand, if prices manage to maintain above .245 which rsi enters the oversold zone, prices can be expected to remain rangebound and rally from .245 . Next significant support at .225, next levels of resistance at .26/.275/.29 .
Dear friends, i will be away to my in-camp training from 25th Sep til 6th Oct, in my absence i sincerely hope that you would continue to learn and discuss your views over here. It would be much appreciated if you know something abt technical analysis to give your valuable comments. If you have just started learning TA(its not too late if you havent!) this would be a great opportunity to join in the discussion. I shall now leave you with a thought for the day; 'We may not live forever, but our knowledge will, if we take the time to share.'
Have a profitable weeks ahead! Cheers!
Technically, immediate support is at .245, from RSI we see that it is heading into the 30% oversold region. It is important to observe the price movements at this point; if prices breaks down from .245 and rsi into the oversold region, it means the support established at the previous oversold point has been broken and
it has effectively entering a new downtrend. On the otherhand, if prices manage to maintain above .245 which rsi enters the oversold zone, prices can be expected to remain rangebound and rally from .245 . Next significant support at .225, next levels of resistance at .26/.275/.29 .Dear friends, i will be away to my in-camp training from 25th Sep til 6th Oct, in my absence i sincerely hope that you would continue to learn and discuss your views over here. It would be much appreciated if you know something abt technical analysis to give your valuable comments. If you have just started learning TA(its not too late if you havent!) this would be a great opportunity to join in the discussion. I shall now leave you with a thought for the day; 'We may not live forever, but our knowledge will, if we take the time to share.'
Have a profitable weeks ahead! Cheers!
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