RHB Retail Research
Trading Stocks - Globetronics Technology
Globetronics formed a long white candle, indicating that the momentum of buying could be strong. This can be viewed as a continuation of the bulls extending the rebound from 26 Mar’s “Bullish Engulfing” pattern. A bullish bias may appear above the MYR1.75 level, with an exit set below the MYR1.66 threshold. Towards the upside, the near-term resistance is at MYR1.92. This is followed by the MYR2.00 level.
Source: RHB Securities Research - 3 Apr 2019
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