TRC Synergy may soon move higher to test the RM0.32 resistance level. Notice that trading volume is rising, indicating that buying interest is increasing. We foresee that there could be a technical breakout and move towards the short-term target prices of RM0.36 and RM0.40. In this case, the downside support is anticipated at RM0.28, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.32

Target: RM0.36, RM0.40 (time frame: 3-6 weeks)

Exit: RM0.28

Source: AmInvest Research - 10 Apr 2020