RHB Retail Research
Trading Stocks - Globaltec Formation
Globaltec Formation may scale higher after it managed to stay above the previous breakout level on strong trading volumes recently – forming a “higher low” structure. If it continues to trade above the immediate support of MYR0.665, the stock may climb towards the next resistance of MYR0.735, then MYR0.795. Meanwhile, falling below the MYR0.65 support may see the stock moving downwards.
Source: RHB Securities Research - 30 Jul 2021
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