KUALA LUMPUR (June 12): RHB Retail Research said Globetronics Technology Bhd may rebound further after it tested the RM1.50 support recently.

In a trading stocks note today, the research house said yesterday’s candle sent the stock to its 2-week high, thereby enhancing the bullish sentiment.

“A bullish bias may appear above the RM1.60 level, with an exit set below the RM1.50 threshold.

“ Towards the upside, the near-term resistance is at RM1.74. This is followed by the RM1.88 level,” it said.