RHB Retail Research
Technical Analysis - Globetronics
Globetronics
Globetronics may trend higher after it formed a long white candle and breached above the MYR2.80 threshold. Yesterday’s candle sent the stock to its 7-month high, thereby enhancing the bullish sentiment. A bullish bias may emerge above the MYR2.80 level, with an exit set below the MYR2.60 threshold. Towards the upside, the immediate resistance is at MYR3.00. This is followed by the MYR3.30 level.
Source: RHB Securities Research - 29 Aug 2018
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