Can-One rebounded from its low to test the resistance level RM3.05. With an RSI pointing upwards together with higher trading volume, we foresee that there could be a technical breakout soon. If this happens, it will move towards the short-term target prices of RM3.18 followed by RM3.30. In this case, the downside support is marked at RM2.82, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM3.05

Target: RM3.18, RM3.30 (time frame: 2-4 weeks)

Exit: RM2.82

Source: AmInvest Research - 1 Jun 2020