RHB Retail Research

Trading Stocks - Genetec Technology

rhboskres
Publish date: Wed, 19 Feb 2020, 10:57 AM
rhboskres
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RHB Retail Research

Genetec Technology may trend higher after it formed a long white candle and breached above the MYR1.50 mark. With the 21-day SMA line edging upwards, this implies a positive outlook sentiment. A bullish bias may emerge above the MYR1.50 level, with an exit set below the MYR1.43 mark. Towards the upside, the immediate resistance is at the MYR1.65 level, followed by the MYR1.70 threshold.

Source: RHB Securities Research - 19 Feb 2020

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