RHB Retail Research
Trading Stocks - Globetronics Technology
Globetronics Technology’s buying momentum may have returned after it recently rose above the 21-day SMA line. This can be viewed as a continuation of the bulls extending the rebound from 6 Aug’s “Bullish Engulfing” pattern. A bullish bias may emerge above the MYR1.74 level, with an exit set below the MYR1.61 threshold. Towards the upside, the immediate resistance is at MYR1.86 level. This is followed by the MYR1.97 threshold.
Source: RHB Securities Research - 10 Sept 2019
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