Greatech Technology Bhd (0208)

• GREATEC rose 5.1% or 7 sen to RM1.45 yesterday.
• GREATEC’s share price which is on uptrend channel has hit its all-time-high of RM1.47 of late, suggesting stronger buying momentum on the newly listed company. While its MACD is at positive phase, the upward trend is likely to sustain.
• From here, resistance levels are expected at RM1.47 (R1) and RM1.55 (R2).
• On the flip slide, support levels are identified at RM1.23 (S1) and RM1.12 (S2).

Source: Rakuten Research - 11 Sept 2019