VSTECS surged and touched the RM2.10 resistance level. With its RSI indicator in an uptrend, 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 RM2.20, followed by RM2.30. The downside support is marked at RM1.91. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM2.10

Target: RM2.20, RM2.30 (time frame: 2-4 weeks)

Exit: RM1.91

Source: AmInvest Research - 15 Jan 2021