Greatech Technology Bhd

• Share price closed 0.89% higher at RM4.55 on last Friday.

• GREATEC is on an upward trend after falling to its YTD-low of RM3.75 as at end May-23. It broke out from its current level of RM4.55 three days in a row last week, with decent buying momentum seen last Friday. Coupled with a bullish MACD crossover, share price is expected to move higher.

• Resistance level are identified at RM4.73 (R1) and RM4.80 (R2).

• On the flipside, support levels are pegged at RM4.38 (S1) and RM4.23 (S2).

Source: Rakuten Research - 31 Jul 2023

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