MY E.G. Services is poised to test the RM1.50 resistance level. With the 21-day moving avearge turning higher, coupled with a higher lows pattern sighted, we belive that a bullish momentum has resumed. If it breaks out from resistance, it will travel towards the short-term target prices of RM1.55 and RM1.66. The downside support is anticipated at RM1.38, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM1.50

Target: RM1.55, RM1.66 (time frame: 2-4 weeks)

Exit: RM1.38

Source: AmInvest Research - 18 Jun 2020