KUALA LUMPUR (July 25):RHB Retail Research said Globetronics Technology Bhd may rebound further after it tested RM1.74 support recently.

In a trading stocks note today, the research house said as the stock marked a higher close vis-à-vis the previous sessions since July 19, this has enhanced the buying momentum.

“A bullish bias may appear above the RM1.81 level, with an exit set below the RM1.74 threshold.

“Towards the upside, the near-term resistance is at RM1.97. This is followed by the RM2.05 level,” it said.