Greatec Technology is poised to move higher to test the RM3.84 resistance level. With the RSI indicator pointing upwards, coupled with higher trading volume, this indicates the stock is gaining a bullish momentum. If it breaks out from resistance, it will move towards the short-term target prices of RM4.02 and RM4.22. The downside support is anticipated at RM3.50, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM3.84

Target: RM4.02, RM4.22 (time frame: 2-4 weeks)

Exit: RM3.50

Source: AmInvest Research - 17 Jun 2020