GHL Systems may soon test the resistance level of RM1.76. Meanwhile, observed that the RSI is trending higher and high trading volume was recorded in the latest session. We foresee that there could be a technical breakout above the resistane and momentum will travel towards the short-term target prices of RM1.88 and RM2.00. In this case, the downside support is anticipated at RM1.60, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM1.76

Target: RM1.88, RM2.00 (time frame: 3-6 weeks)

Exit: RM1.60

Source: AmInvest Research - 11 Mar 2020