RHB Retail Research
Trading Stocks - Globetronics Technology
Globetronics Technology may climb higher after forming another white candle and hitting its new 52-week high. As the 21-day SMA line is likely to turn higher, it would appear that the bullish sentiment has been enhanced. A positive bias may emerge above the MYR2.26 level, with an exit set below the MYR2.20 threshold. Towards the upside, the immediate resistance is at the MYR2.40 mark. This is followed by the MYR2.50 level.
Source: RHB Securities Research - 26 Dec 2019
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