RHB Retail Research
Trading Stocks - Globetronics Technology
Globetronics Technology is set for a technical breakout, as it tried to breach the immediate resistance level on strong volumes yesterday. If it can break through the MYR2.31 resistance level, the positive momentum may accelerate, lifting it towards the next resistance at MYR2.50 and, subsequently, the MYR2.80 level. Conversely, if the stock falls below the MYR2.22 support level, the trend may be reversed.
Source: RHB Securities Research - 1 Jul 2021
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