Supportline

Globetronics Technology Bhd rose for a fourth straight session yesterday and made an intra-day breach of the 50-day simple moving average (SMA).With indications that the investor sentiment has improved, the stock could be poised for a breakout of its consolidation phase.

Should a crossing of the 50-day SMA be confirmed in coming sessions, the share price could extend its rally towards a recent high of RM2.25.