VSTECS broke past the resistance level RM1.46 with a bullish white candle. With the higher lows pattern sighted, coupled with higher trading volume, we see that the bullish interest remains. There is a possibility the bullish momentum will continue to travel towards the short-term target prices of RM1.51 and RM1.60. 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 RM1.46

Target: RM1.51, RM1.60 (time frame: 2-4 weeks)

Exit: RM1.38

Source: AmInvest Research - 25 Jun 2020