AmInvest Research Reports

Stocks on Radar - Genetec Technology

Publish date: Thu, 04 Aug 2022, 09:22 AM
0 7,268
An official blog in I3investor to publish research reports provided by AmInvest research team.

All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to:

Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210

Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)

We believe the buying interest for Genetec Technology may have returned following a breach above the 9-month downtrend line a week ago. Coupled with the positive cross of its 20-day EMA above the 50-day EMA line two candles back, this crossover has enhanced the near-term bullish momentum. A bullish bias may emerge above the RM2.30 level, with a stop-loss set at RM2.15, below the 50-day EMA. Towards the upside, the near-term resistance level is seen at RM2.55, followed by RM2.70.

Entry : RM2.30–2.40

Target : RM2.55, RM2.70

Exit : RM2.15


Source: AmInvest Research - 4 Aug 2022

Related Stocks
Market Buzz
Be the first to like this. Showing 0 of 0 comments

Post a Comment