JCY International bounced higher to test the resistance level RM0.26. The indicator momentum RSI is above 60%, and coupled with high trading volume, we foresee that there could be a technical breakout and it will climb towards the short-term target prices of RM0.28 and RM0.305. In this case, the downside support is anticipated at RM0.235, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.26

Target: RM0.28, RM0.305 (time frame: 2-4 weeks)

Exit: RM0.235

Source: AmInvest Research - 29 Apr 2020