Genetec Technology has been trending higher and surged past the immediate resistance level of RM1.50. With an RSI above 60%, it may continue to move towards the target prices of RM1.65 and RM1.72. If it closes below RM1.50 in the coming session, expect a sideway consolidation. In this case, the immediate support is anticipated at RM1.40, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on breakout RM1.50
Target: RM1.65, RM1.72 (time frame: 3-6 weeks)
Exit: RM1.40

Source: AmInvest Research - 19 Feb 2020