RHB Retail Research

Author: rhboskres   |   Latest post: Fri, 22 Nov 2019, 10:07 AM


Trading Stocks - Globetronics Technology

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Globetronics Technology may move higher after it continued holding above the MYR1.52 support. Given that it has formed a long white candle above the rising 21-day SMA line, this means that the bullish sentiment has been enhanced. A bullish bias may appear above the MYR1.63 level, with an exit set below the MYR1.52 threshold. Towards the upside, the nearterm resistance is at MYR1.84. This is followed by the MYR1.96 level.

Source: RHB Securities Research - 24 Jun 2019

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