RHB Retail Research
Trading Stocks - Globetronics Technology
Globetronics Technology may rise higher after recording a higher close vis-a-vis the previous session. Given that the stock has formed a “Hammer” pattern on 3 Feb, this indicates a potential rebound. A positive bias may emerge above the MYR2.30 level, with an exit set below the MYR2.18 threshold. Towards the upside, the immediate resistance is at the MYR2.48 mark. This is followed by the MYR2.70 level.
Source: RHB Securities Research - 5 Feb 2020
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