Rakuten Trade said Glomac Bhd is poised for a potential bullish breakout from its four-month rectangular pattern, targeting to surpass the immediate resistance of 36.5 sen.
In a technical view note on Wednesday, the research house said that in view of the stock posting four consecutive white candles, coupled with the 20-day exponential moving average starting to turn upward, a positive outlook can be expected here.
TheEdge24 Jan, 2024 08:37am - 2 months