RHB Retail Research
Trading Stocks - Genetec Technology
Genetec Technology is poised to continue the bullish momentum after it bounced off from a recent pullback and attempted to hit the immediate resistance of MYR40.00. If a breakout happens, the positive momentum above that level is expected to chart a new high at the MYR45.00 mark, before possibly reaching MYR50.00. Conversely, falling below the MYR37.80 support will nullify this expectation.
Source: RHB Securities Research - 8 Oct 2021
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