GHL Systems was testing the resistance level of RM1.80 during its intraday high. The RSI indicator has swung above 60%, indicating that there is a possibility it will experience a technical breakout soon. If this happens, the next short-term target prices will be RM1.90 and RM2.05. The downside support is anticipated at RM1.67, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM1.80

Target: RM1.90, RM2.05 (time frame: 3-6 weeks)

Exit: RM1.67

Source: AmInvest Research - 17 Apr 2020