GD Express Carrier jumped with higher trading volume to touch the resistance level RM0.38. With the momentum indicator RSI pointing upwards, coupled with a higher low pattern, we foresee that it could break out and propel towards the short-term target prices of RM0.405 and RM4.35. In this case, the downside support is marked at RM0.34, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.38

Target: RM0.405, RM0.435 (time frame: 2-4 weeks)

Exit: RM0.34

Source: AmInvest Research - 27 May 2020