KLSE (MYR): GENETEC (0104)
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Last Price
0.835
Today's Change
+0.015 (1.83%)
Day's Change
0.825 - 0.855
Trading Volume
13,521,600
2024-11-18
2024-11-15
2024-11-13
2024-11-12
2024-11-12
2024-11-12
2024-11-11
jay_j
196 posts
Posted by jay_j > 2016-02-15 16:11 | Report Abuse
Technically, it is not looking good for GENETEC as its 20-Day Moving Average is sloping downward and its price action is below the Moving Average line. This is further compounded by the recent bearish breakout of the support level of 0.215. This breakout was accompanied by a higher than average traded volume which shows the bearishness of the traders to push the price lower and past this support hence pointing to a higher probability of a bearish breakout.
I suggest no need rush to buy. You can collect more in a better price.