Genetec Technology Bhd
rose for a second straight day yesterday as it angles towards a recent high of RM2.38. A positive breach of the resistance would spur the stock’s recovery rally towards a one-year high of RM2.90.
The momentum has been growing more bullish with the slow-stochastic gaining to 68 points and the 14-day relative strength index (RSI) rising to 63 points.
The daily moving average convergence/divergence (MACD) histogram turned positive yesterday to indicate the resumption of bullish momentum.
Support for the share is found at RM2.15 and RM1.85.
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