Yong Tai jumped and touched the RM0.17 resistance level. With its RSI indicator pointing upwards, coupled with a higher low candle stick pattern, there is a good chance it will break out and head towards the short-term target price of RM0.185, followed by RM0.195. The downside support is marked at RM0.155. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.17

Target: RM0.185, RM0.195 (time frame: 2-4 weeks)

Exit: RM0.155

Source: AmInvest Research - 2 Dec 2020