RHB Retail Research
Technical Analysis - Globetronics Technology
Globetronics Technology was testing the MYR2.47 level in its latest session. A bullish bias may be present above this point with a target price of MYR2.60, followed by MYR2.80. The stock may take a breather if it cannot breach above the MYR2.47 mark in the coming sessions. Support may be found at MYR2.20, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 22 Oct 2018
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