Duopharma Biotech may soon move higher to test the resistance level RM1.61. Observe that it is forming an ascending triangle pattern, and coupled with an RSI above 50%, they indicate it may break out soon. If this happens, it may travel towards the short-term target prices of RM1.67 and RM1.78. The downside support is anticipated at RM1.51, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM1.61

Target: RM1.67, RM1.78 (time frame: 2-4 weeks)

Exit: RM1.51

Source: AmInvest Research - 13 May 2020