RHB Retail Research
Trading Stocks - Globetronics Technology
Globetronics Technology was testing the MYR2.15 threshold in recent sessions. A bullish bias may be present above this point, with a target price of MYR2.30, followed by MYR2.40. The stock may drift sideways if it cannot breach above the MYR2.15 threshold decisively in the coming sessions. Support may be found at MYR1.98, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 16 Oct 2019
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