RHB Retail Research
Trading Stocks - Globetronics
Globetronics has been undergoing a narrow sideway consolidation phase over the past week – above the rising 21- day SMA line – after its prior advancement. A positive bias may appear above MYR2.90 with resistance points set at MYR3.10 and MYR3.30. A downside breach of MYR2.90 would negate this positive expectation.
Source: RHB Securities Research - 23 Nov 2020
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