RHB Retail Research

Trading Stocks - Globaltec Formation

rhboskres
Publish date: Tue, 06 Jul 2021, 10:00 AM
rhboskres
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RHB Retail Research

Globaltec Formation is poised for technical breakout as it tested the MYR0.60 resistance level on high volume. If the breakout occurs, the bullish bias may emerge. The stock may then travel towards the next resistance of MYR0.65, followed by MYR0.70 – its multi-year high. If the stock falls below the MYR0.56 support, this anticipation would be cancelled.

Source: RHB Securities Research - 6 Jul 2021

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