Technical Stockpick - Globaltec Formation Berhad
Tue, 10-Mar-2026 07:32 am
by Research Team • Apex Research

GLOTEC (5220)
Last Price (RM)
1.01
Resistance (RM)
R1 — 1.11 / R2 — 1.2
Support (RM)
S1 — 0.96

The stock gained strong momentum in late December following a period of consolidation, breaking out decisively and signalling the start of a fresh uptrend. However, it has recently experienced a sharp pullback. We view this correction as healthy and believe it presents a buying opportunity. The breakout above all major moving averages continues to suggest further upside potential, with the next resistance levels seen at RM1.11 and RM1.20. On the downside, support is pegged at RM0.96.

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 3.945191 3.976996
EUR 4.573958 4.578808
CNY 0.571807 0.572405
HKD 0.504979 0.508544
SGD 3.083126 3.104955