KUALA LUMPUR (Feb 19): RHB Retail Research said Genetec Technology Bhd may trend higher after it formed a long white candle and breached above the RM1.50 mark.

In a trading stocks note today, the research house said with the 21-day SMA line edging upwards, this implies a positive outlook sentiment.

“A bullish bias may emerge above the RM1.50 level, with an exit set below the RM1.43 mark.

“Towards the upside, the immediate resistance is at the RM1.65 level, followed by the RM1.70 threshold,” it said.