Possible for upside. GENM is attempting for a breakout from its consolidation phase. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM3.25 be broken, it may continue to lift price higher to subsequent resistance level of RM3.45.
However, failure to hold on to support level of RM3.06 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 29 Oct 2019
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2019-10-31 08:54