MY E.G. Services rebounded from low and may soon test the immediate resistance level of RM0.94. Observe that trading volume was high during recent sessions. It might break out from the resistance level and move towards the short-term target prices of RM1.00 and RM1.06. The downside support is anticipated at RM0.88, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.94

Target: RM1.00, RM1.06 (time frame: 3-6 weeks)

Exit: RM0.88

Source: AmInvest Research - 18 Mar 2020