G3 Global may retest the resistance level of RM2.00 again. Notice that the RSI is pointing upwards and trading volume was high. We see that it may break out from resistance soon. If this happens, it may propel towards short-term target prices of RM2.10 and RM2.20. In this case, the downside support is anticipated at RM1.83, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM2.00

Target: RM2.10, RM2.20 (time frame: 3-6 weeks)

Exit: RM1.83

Source: AmInvest Research - 22 Apr 2020