Magni-Tech Industries may test the immediate resistance of RM1.39 soon. Notice that the RSI indicator is pointing upwards, indicating that the momentum is building. Coupled with higher trading volume, there is a possibility it will experience a technical rebound towards the short-term target prices of RM1.58 and RM1.72. The downside support is anticipated at RM1.20, whereby traders may exit on a breach to avoid the risk of a further correction. 

Trading Call: Buy on breakout RM1.39
Target: RM1.58, RM1.72 (time frame: 3-6 weeks)
Exit: RM1.20

Source: AmInvest Research - 25 Mar 2020