MY E.G. Services may soon test the resistance level at RM1.14. During the latest session, we oberved that there was a lower shadow indicating buying interest when the price corrected.If the momentum is maintained, we foresee that there could be a technical rebound towards the shortterm target prices of RM1.20 followed by RM1.25. In this case, the downside support is anticipated at RM1.06, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM1.14

Target: RM1.20, RM1.25 (time frame: 3-6 weeks)

Exit: RM1.06

Source: AmInvest Research - 2 Mar 2020