Opcom Holdings was consolidating below the resistance level of RM0.365. The RSI has crossed the 50% threshold, and coupled with 21-day moving average trendline pointing upwards, these indicate it may experience a breakout in the coming session. If this happens, we foresee that it may move towards the short-term target prices of RM0.39 and RM0.42. In this case, the downside support is anticipated at RM0.315, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.365

Target: RM0.39, RM0.42 (time frame: 3-6 weeks)

Exit: RM0.315

Source: AmInvest Research - 15 Apr 2020