Greatech Technology broke past the resistance level RM3.09 during its recent session. With an RSI above the threshold level 50%, we see the bullish momentum continue to propel towards the short-term target prices of RM3.35 and RM3.55. The downside support is anticipated at RM2.85, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on breakout RM3.09

Target: RM3.35, RM3.55 (time frame: 2-4 weeks)

Exit: RM2.85

Source: AmInvest Research - 29 May 2020