TSH Resources is consolidating before the immediate resistance level RM0.845. With the RSI indicator above the 50% threshold and the 21-day moving average pointing upwards, there is a possibility it will experience a technical breakout if it trades above the resistance level. If this happens, expect it to move towards the short-term target prices of RM0.87 and RM0.895. The downside support is anticipated at RM0.80, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.845

Target: RM0.87, RM0.895 (time frame: 2-4 weeks)

Exit: RM0.80

Source: AmInvest Research - 26 Jun 2020