Globetronics’ rally should continue after it printed another 52-week high yesterday. A position can be initiated above RM1.34 with a close below RM1.30 as a stop-loss. The price target is just below the 2011 high of RM1.65, with selling also expected at the psychological RM1.50. The trade may not work out should the stop-loss be triggered and the stock may trade sideways instead. Supports are at RM1.20 and RM1.10.
Source: OSK
No comments:
Post a Comment