RHB Retail Research

Author: rhboskres   |   Latest post: Fri, 15 Nov 2019, 9:15 AM


Trading Stocks - Globetronics Technology

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Globetronics Technology may rebound further after it tested MYR1.74 support recently. As the stock marked a higher close vis-à-vis the previous sessions since 19 Jul, this has enhanced the buying momentum. A bullish bias may appear above the MYR1.81 level, with an exit set below the MYR1.74 threshold. Towards the upside, the near-term resistance is at MYR1.97. This is followed by the MYR2.05 level.

Source: RHB Securities Research - 25 Jul 2019

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