RHB Retail Research
Trading Stocks - Genetec Technology
Genetec Technology is initiating an upward rebound as it bounced off the support level to break past the MYR42.82 threshold on significant trading volume. If it manages to sustain above that level, it may hit the MYR46.78 immediate resistance, followed by MYR48.00. However, falling below the MYR40.10 support – forming a “lower low” bearish pattern – may see the stock descend further.
Source: RHB Securities Research - 19 Nov 2021
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