RHB Retail Research
Trading Stocks - Genetec Technology
At the time of writing, Genetec Technology may rebound further after it tested the MYR1.32 support lately. The current white candle has engulfed the prior one to form a “Bullish Engulfing” pattern, implying a potential rebound. A positive bias may emerge above the MYR1.38 level, with an exit set below the MYR1.32 threshold. Towards the upside, the immediate resistance is at the MYR1.55 mark, followed by the MYR1.71 level.
Source: RHB Securities Research - 5 Mar 2020
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