Genetec Technology Berhad (Genetec, 0104)

• Share price closed 7.8% higher at RM2.07 on Monday.

• Genetec broke out from its resistance of RM1.99 today and managed to close above its MA 20 line. Bullish Harami Cross was formed indicating an upward trend. With MACD crossed and indicators showing uptick movement, the share price is expected to move higher.

• Resistance levels are identified at RM2.09 (R1) and RM2.20 (R2).

• On the flipside, support levels are pegged at RM1.87 (S1) and RM1.83 (S2).

Source: Rakuten Research - 19 Jul 2022