Maxim Global surged and touched to the RM0.27 resistance level. With its bullish white candle stick pattern, coupled with higher trading volume, there is a good chance that it would experience a technical rebound and head towards the short-term target price of RM0.285, followed by RM0.29. The downside support is marked at RM0.255. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.27

Target: RM0.285, RM0.29 (time frame: 2-4 weeks)

Exit: RM0.255
 

Source: AmInvest Research - 11 Jun 2021