Recall that in our report dated 29th Jan 2015, we had placed a Trading Buy call on GHLSYS after its share price broke out from a “Flag Pattern” as we anticipated that the share price could rally towards our “Flagpole” measurement objective of RM0.89. Since then, GHLSYS has rallied towards our TP and recorded an intraday high of RM0.88 on 23rd Feb 2015. However, the share price began to lose buying interests after the short rally. Indicators-wise, RSI and Stochatics are turning bearish, suggesting that the share price could consolidate further. Thus, we suggest traders to Take Profit on this counter in view that it is not meeting our nearterm expectation.
Source: Kenanga
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