Techbond Group has rebounded from its low and may soon test the immediate resistance level of RM0.79. With an RSI above 70%, there is a possibility it will break above RM0.79 and move towards the short-term target prices of RM0.83 and RM0.895. Support is then anticipated at RM0.725, whereby traders may exit on a breach to avoid the risk of a further correction.   

Trading Call: Buy upon breakout above RM0.79

Target: RM0.83, RM0.895 (time frame: 3-6 weeks)

Exit: RM0.725

Source: AmInvest Research - 25 Oct 2019