Globetronics Technology may soon moves higher to test the RM2.14 resistance level. The momentum indicator RSI is rising higher, indicates that there is a possibility it will breaks the resistance level and travels towards the shortterm target prices of RM2.23 and RM2.33. The downside support is anticipated at RM2.03, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM2.14

Target: RM2.23, RM2.33 (time frame: 3-6 weeks)

Exit: RM2.03

Source: AmInvest Research - 5 Mar 2020