UCHI Technologies surged past the RM2.72 resistance level. With a rising RSI, a bullish bias may be present above this mark with a short-term target price of RM2.90. It may pull back to retest the RM2.72 level in the coming session. In this case, the downside support is anticipated at RM2.66, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on pullback near RM2.72

Target: RM2.90 (time frame: 3-6 weeks)

Exit: RM2.66

Source: AmInvest Research - 24 Feb 2020