VSTECS broke past the resistance level of RM1.04 with high trading volume. With the momentum indicator RSI above 50%, we foresee that it could continue moving towards the short-term target prices of RM1.13 and RM1.20. In this case, the downside support is anticipated at RM0.97, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on continuation RM1.04

Target: RM1.13, RM1.20 (time frame: 3-6 weeks)

Exit: RM0.97

Source: AmInvest Research - 17 Apr 2020