<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 6): AllianceDBS Research said Globetronics Technology Bhd (Gtronic) had on April 5 traded within previous day’s range to form an inside day before closing at RM3.94 (up 34 sen or 9.44%).</p></div>

<div class=newsTextDataWrapInner><p>In its stock trend monitor yesterday, the research house said Gtronic continued to trade below the 20-day (blue) and 50-day (red) moving average lines.</p></div>

<div class=newsTextDataWrapInner><p>“The inside day bar indicated a breather in the game play.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Following the up close on April 5, the stock is likely to move higher with immediate hurdle at RM4.10.</p></div>

<div class=newsTextDataWrapInner><p>“A crossover of RM4.10 should see further price rise to the next overhead resistance zone, RM4.30 – RM4.40.</p></div>

<div class=newsTextDataWrapInner><p>“The support is pegged at RM3.70. A fall below RM3.70 would put pressure on the stock down to the subsequent support at RM3.50,” it said. &nbsp;</p></div>

<div class=newsTextDataWrapInner><p>AllianceDBS Research said stock volume traded on April 5 was 1.37 million shares compared to the 3-month average volume of 1.03 million shares.</p></div>


KUALA LUMPUR (April 6): AllianceDBS Research said Globetronics Technology Bhd (Gtronic) had on April 5 traded within previous day’s range to form an inside day before closing at RM3.94 (up 34 sen or 9.44%).

In its stock trend monitor yesterday, the research house said Gtronic continued ...

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<p>Malaysia’s telco sector has gone through various structural changes in the last five years where it has seen its top three wireless telcos merge and the shift from a 5G single wholesale network model to a dual network model.</p>
