Technical Breakout in Place – G3 Global Berhad

G3, a star-to-be made after the departure of CC Puan, is heading towards a strong breakout from its current key resistance level of RM0.085. We deem the current share price of RM0.080 as low risk due to more upsides to be reap (R2, RM0.105) upon breakout. Investors are advised to cut loss if the share price fall below RM0.070.

We also noticed a decrease in the volume of share trading in line with the consolidating pattern. We deem this is a halt and end of downtrend for G3 which should be positive for investors.

S1, S2 – RM0.080, RM0.070

R1, R2 – RM0.085, RM0.105

TP – RM0.105