Genetec Technology is poised to extend the bullish trajectory after climbing above the resistance. The counter charted a fresh bullish candlestick and closed above the MYR1.55 resistance, which shows a bullish technical setup is in play. The 21-day SMA line is pointing upwards, indicating the short-term trend is bullish. Riding on this bullish momentum, the stock may travel towards MYR1.70, followed by the MYR1.80 level. However, a breach ofthe MYR1.40 support will invalidate the bullish setup.

Source: RHB Securities Research - 6 Feb 2025