RHB Retail Research
Trading Stocks - Globetronics Technology
Globetronics Technology has been consolidating in a sideways pattern over the past week, following its prior price surge. A breakout from the MYR3.20 resistance will likely see the stock resuming its uptrend, with resistance points pegged at MYR3.50 and MYR3.70. A downside breach of MYR3.05 would cancel this price forecast.
Source: RHB Securities Research - 27 Jan 2021
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