Genetec Technology is eyeing to extend the upside movement after surging past the resistance on strong volume. The stock jumped above the MYR0.84 resistance yesterday with a long white candlestick, which shows a strong bullish momentum is underway. Riding on the renewed momentum, we expect a follow-through price action to test the MYR1.05 level, followed by the MYR1.18 mark. On the flipside, falling below the MYR0.72 support resumes the correction phase.

Source: RHB Securities Research - 7 Nov 2024