RHB Retail Research
Technical Analysis - Globetronics Technology
Globetronics Technology was testing the MYR2.90 level in its latest session. A bullish bias may be present above this point with a target price of MYR3.00, followed by MYR3.30. The stock may take a breather if it cannot breach above the MYR2.90 mark in the near term. Support may be found at MYR2.65, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 6 Sept 2018
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