Greatech Technology remains on course to move away from its sideways consolidation after it attempted to past through the resistance recently. Coupled with the higher low pattern formed above the 21-day SMA line, a positive bias is expected to appear if it manages to cross above the MYR5.78 immediate resistance level. The bullish momentum may then propel it towards the psychological barrier at MYR6.00, followed by MYR6.25. However, falling below the MYR5.50 support level will cancel this expectation.

Source: RHB Securities Research - 1 Jul 2021