RHB Retail Research: Globetronics Technology may rebound further

RHB Retail Research says Globetronics Technology may rebound further after it tested the MYR1.81 support in recent sessions.

In a trading note, the research house says yesterday’s candle sent the stock to its 1-week high, thereby enhancing the bullish sentiment.

“An upbeat bias may emerge above the MYR1.89 level, with an exit set below the MYR1.81 mark.

Towards the upside, the immediate resistance is at the MYR2.03 level, followed by the MYR2.15 threshold,” it says.

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