Kenanga Research & Investment
Highlights / Stock Picks of the Day - Globetronics Technology ("GTRONICS”) – Not Rated
After a 6-week long consolidation phase, GRTONIC advanced to a fresh all-time high of RM2.25 (+7 sen) yesterday. The bullish move signals a resumption of the prior uptrend, and this is further supported by the key indicators which have now turned positive. In particular, the MACD has just completed a positive Signal-line crossover while the RSI has also hooked upwards. Hence, we believe that the bullish momentum could carry the share price towards RM2.56 in the coming weeks.
Source: Kenanga
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