RHB Retail Research
Technical Analysis - Genetec Technology
Genetec Technology may trend higher after it formed a long white candle and breached above the MYR1.70 threshold. Yesterday’s close has sent the stock to its new 52-week high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR1.70 level, with an exit set below the MYR1.55 threshold. Towards the upside, the near-term resistance is at MYR1.90. This is followed by the MYR2.00 level.
Source: RHB Securities Research - 20 Sept 2018
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