Techbond Group broke past the reistance level of the RM0.85 level. With an RSI slanting above 50%, we foresee it will continue moving towards the next short-term target price of RM0.89, followed by RM0.90. In this case, the downside support is anticipated at RM0.81, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on pullback near RM0.85

Target: RM0.89, RM0.90 (time frame: 3-6 weeks)

Exit: RM0.81

Source: AmInvest Research - 27 Feb 2020