Genetec Technology (GENETEC | 0104)
Last Price: RM1.24 | Technical Call: BUY
Support 1: RM1.10 | Resistance 1: RM1.40 |
Support 2: RM1.06 | Resistance 2: RM1.50 |
Shariah Compliant: Yes | Sector: Technology |
We believe the buying interest for Genetec Technology may have returned after it broke above the RM1.10 resistance with a long positive candle 2 weeks ago. As the 20-day and 50-day EMAs have confirmed their bullish crossover a few candles back, the stock looks positive in the near term. A bullish bias may emerge above the RM1.10 level with stop-loss set at RM1.05, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM1.40, followed by RM1.50.
Entry: RM1.10-1.24
Target: RM1.40, RM1.50
Exit: RM1.05
Source: AmInvest Research - 11 Dec 2024
Chart | Stock Name | Last | Change | Volume |
---|
Created by AmInvest | Dec 11, 2024