RHB Retail Research

Trading Stocks (mid-day) - Globetronics Technology

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Publish date: Tue, 03 Mar 2020, 10:07 AM
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RHB Retail Research

At the time of writing, Globetronics Technology was testing the MYR2.19 level in its latest session. A bullish bias may be present above this point, with a target price of MYR2.30, followed by MYR2.47. The stock may take a breather if it cannot decisively breach above the MYR2.19 threshold in the near term. Support may be found at MYR2.02, where traders can exit upon a breach to limit the downside risk. At the time of writing, QES Group was testing the MYR0.175 resistance level. A bullish bias may be present above this point, with a target price of MYR0.19, followed by MYR0.20. The stock may consolidate further if it cannot breach above the MYR0.175 mark in the coming sessions. Support may be found at MYR0.16, where traders can exit upon a breach to minimise the downside risk

Source: RHB Securities Research - 3 Mar 2020

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