AmInvest Research Reports

Stock on Radar - Genetec Technology

Publish date: Wed, 08 Feb 2023, 09:07 AM
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Genetec Technology may trend higher after it closed above the RM2.80 resistance with a white candle yesterday. In view that the 20-day and 50-day EMAs are starting to turn upwards, a positive outlook can be expected here. A bullish bias may emerge above the RM2.80 level, with a stop-loss set at RM2.58, below the 20-day EMA. Towards the upside, the near-term resistance level is seen at RM3.20, followed by RM3.40.

Entry : RM2.80–2.90

Target : RM3.20, RM3.40

Exit : RM2.58

Source: AmInvest Research - 8 Feb 2023

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