Excel Force MSC may soon retrace its path to test the RM0.37 level. Notice that the 21-days simple moving average is still pointing upwards, indicating that the bullish momentum is still intact. Hence, there is a possibility it will experience a technical rebound towards the short-term target prices of RM0.41 and RM0.43. The downside support is anticipated at RM0.33, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on pullback RM0.37

Target: RM0.41, RM0.43 (time frame: 3-6 weeks)

Exit: RM0.33

Source: AmInvest Research - 21 Apr 2020