Globetronics Technology shot up and formed a long white candle in its lastest session. With an RSI level above 60%, it may continue to climb above the resistance price of RM2.22. If this happens, its short-term target price will be RM2.36 followed by RM2.50. The support price is anticipated at RM2.08, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM2.22
Target: RM2.36, RM2.50 (time frame: 3-6 weeks)
Exit: RM2.08

Source: AmInvest Research - 27 Nov 2019