RHB Retail Research
Technical Analysis - Genetec Technology
Genetec Technology
Genetec Technology was testing the MYR1.75 level in recent sessions. A bullish bias may be present above this point with a target price of MYR1.90, followed by MYR2.00. The stock may take a breather if it cannot breach the MYR1.75 mark in the near term. Support may be found at MYR1.55, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 12 Sept 2018
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