Globetronics Technology may climb higher after posting a white candle and hitting its highest close in nearly a week. This can be viewed as a continuation of the bulls extending the rebound from 25 Oct’s “Hammer” pattern. A bullish bias may appear above the MYR2.16 level, with an exit set below the MYR2.00 threshold. Towards the upside, the near-term resistance is at MYR2.40. This is followed by the MYR2.58 level.

Source: RHB Securities Research - 31 Oct 2018