AmInvest Research Reports
Stocks on Radar - Globetronics Technology (7022)
AmInvest
Publish date: Thu, 30 Apr 2020, 09:19 AM
AmInvest
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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 tested the resistace level RM1.98 during intraday high. With an RSI above 50%, it may break the resistance level. If this happens, its shortterm target price will be RM2.10 followed by RM2.25. The downside support is anticipated at RM1.83, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy on breakout RM1.98
Target: RM2.10, RM2.25 (time frame: 2-4 weeks)
Exit: RM1.83
Source: AmInvest Research - 30 Apr 2020
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