RHB Retail Research
Technical Analysis - Globetronics Technology
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Globetronics Technology may climb higher after hitting its highest close in more than four months. Last Friday’s candle can be regarded as a continuation of the rebound that started off 9 Jul’s “Hammer” pattern. A bullish bias may emerge above the MYR2.35 level, with an exit set below the MYR2.10 level. Towards the upside, the immediate resistance is at MYR2.60. This is followed by the MYR2.86 level.
Source: RHB Securities Research - 16 Jul 2018
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