Duopharma Biotech may soon test the immediate resistance level of RM1.25. Notice that higher trading volume was recorded in the latest session. We foresee that there could be a technical rebound towards the short-term target prices of RM1.35 and RM1.45. In this case, the downside support is anticipated at RM1.14, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM1.25

Target: RM1.35, RM1.45 (time frame: 3-6 weeks)

Exit: RM1.14

Source: AmInvest Research - 24 Mar 2020