Greatec is looking to extend its bullish trajectory after staging a breakout with strong volume. The counter printed a long bullish candlestick and closed above the MYR2.33 resistance level yesterday, showing that strong bullish momentum is underway. Riding on the positive momentum, the stock is poised to climb towards MYR2.45, followed by MYR2.55. On the downside, a fall below the MYR2.20 supportlevel would negate the bullish setup and kickstart the correction phase.

Source: RHB Securities Research - 8 Jan 2025