RHB Retail Research
Trading Stocks - Globetronics Technology
Globetronics Technology may climb higher after forming a long white candle and hitting its highest close in nearly two months. In view that the 21-day SMA line is likely to begin turning upwards, this also implies a positive outlook sentiment. A bullish bias may appear above the MYR1.95 level, with an exit set below the MYR1.80 threshold. Towards the upside, the near-term resistance is at MYR2.07. This is followed by the MYR2.16 level.
Source: RHB Securities Research - 19 Apr 2019
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