Rakuten Trade Research Reports

Technical View - Genetec Technology Bhd

rakutentrade
Publish date: Fri, 25 Mar 2022, 10:21 AM
rakutentrade
0 1,843
An official blog in I3investor to publish research reports provided by Rakuten Trade research team.

All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/

To sign up for an account: http://bit.ly/40BNqKI

Rakuten Trade

Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my

Genetec Technology Bhd (GENETEC, 0104)

• Share price closed 3.1% higher at RM2.62 on Thursday.

• GENETEC has broken out from its downtrend line recently and managed to close above its key moving averages from the past 2 trading days.

• Coupled with upticks in its indicators and bullish MACD crossover, we anticipate the share price to continue its rebounding trend.

• Resistance levels are identified at RM2.78 (R1) and RM2.95 (R2).

• On the flipside, support levels are pegged at RM2.30 (S1) and RM1.90 (S2).

Source: Rakuten Research - 25 Mar 2022

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

Post a Comment