RHB Retail Research
Technical Analysis - Globetronics Technology
Globetronics Technology may rebound higher after it tested MYR2.00 support in its latest session. Given that the stock has formed a “Hammer” pattern on 25 Oct, this indicates a potential rebound. A bullish bias may appear above the MYR2.00 level, with an exit set below the MYR2.00 threshold. Towards the upside, the near-term resistance is at MYR2.32. This is followed by the MYR2.47 level.
Source: RHB Securities Research - 26 Oct 2018
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