RHB Retail Research
Trading Stocks - Globetronics Technology
Globetronics Technology was testing the MYR2.26 level in recent sessions. A bullish bias may be present above this point, with a target price of MYR2.40, followed by MYR2.50. The stock may take a breather if it cannot breach above the MYR2.26 threshold decisively in the near term. Support may be found at MYR2.13, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 23 Dec 2019
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