RHB Retail Research
Trading Stocks - Genetec Technology
Genetec Technology formed a long white candle, indicating that the momentum of buying could be strong. As the 21-day SMA line is likely to turn higher, the bullish sentiment has been enhanced. A positive bias may emerge above the MYR1.60 level, with an exit set below the MYR1.50 threshold. Towards the upside, the immediate resistance is at the MYR1.85 mark. This is followed by the MYR2.00 level.
Source: RHB Securities Research - 24 Feb 2020
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