Greatec Technology leapt above the resistance price of RM2.02 in the latest session. With the momentum indicator RSI above 70%, it may continue to move towards the near-term target prices of RM2.17 and RM2.31. Meanwhile, it may move sideways if it falls back below the RM2.02 mark in the near term. The support price is anticipated at RM1.88, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM2.02
Target: RM2.17, RM2.31 (time frame: 3-6 weeks)
Exit: RM1.88

Source: AmInvest Research - 11 Nov 2019