Rakuten Trade Research Reports
Technical View - Globetronics Technology Bhd (GTRONIC, 7022)
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Publish date: Wed, 23 Oct 2019, 02:53 PM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Globetronics Technology Bhd (7022)
• GTRONIC gained 3.2% or 7 sen to RM2.27 yesterday.
• Share price ended with a positive white candle yesterday on higher trading volume. Technically, from the upward movement of the RSI and MACD which has turned positive, the buying momentum is likely to sustain.
• From here, resistance levels are expected at RM2.35 (R1) and RM2.47 (R2).
• Conversely, downside support levels are identified at RM2.04 (S1) and RM1.99 (S2).
Source: Rakuten Research - 23 Oct 2019
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