AmInvest Research Reports
Stocks on Radar - Globetronics Technology (7022)
AmInvest
Publish date: Tue, 16 Apr 2019, 09:10 AM
AmInvest
0 9,057
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
Globetronics Technology leapt above the resistance price of RM1.90 in the latest session. With the momentum indicator RSI above 60%, it may continue to move towards the near-term target price of RM2.02 followed by RM2.13. On the downside, support price is anticipated at RM1.79, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy on trend continuation above RM1.90
Target: RM2.02, RM2.13 (time frame: 3-6 weeks)
Exit: RM1.79
Source: AmInvest Research - 16 Apr 2019
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