Genetec Technology Bhd

• Share price closed 0.36% higher at RM2.82 on Thursday.

• GENETEC has formed a higher low at RM2.63 and it is now heading towards its 52 week high level. Share price closed above all key moving average lines yesterday with relatively high buying interests. Coupled with indicators showing uptick momentum, share price is expected to move higher.

• Resistance levels are identified at RM2.83 (R1) and RM2.93 (R2).

• On the flipside, support levels are pegged at RM2.63 (S1) and RM2.59 (S2).

Source: Rakuten Research - 3 Mar 2023

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