KUALA LUMPUR (April 19): RHB Retail Research said Globetronics Technology Bhd may climb higher after forming a long white candle and hitting its highest close in nearly two months.

In a trading stocks note today, the research house said in view that the 21-day SMA line is likely to begin turning upwards, this also implies a positive outlook sentiment.

“A bullish bias may appear above the RM1.95 level, with an exit set below the RM1.80 threshold.

“Towards the upside, the near-term resistance is at RM2.07. This is followed by the RM2.16 level,” it said.