Revenue Group is consolidating and testing the RM1.27 resistance level. During its latest session, we saw it forming a bullish white candle with higher trading volume, and believe that there could be a technical breakout above the resistance level. If this happens, it will climb towards the short-term target price of RM1.31 followed by RM1.35. In this case, the downside support is marked at RM1.21, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM1.27

Target: RM1.31, RM1.35 (time frame: 2-4 weeks)

Exit: RM1.21

Source: AmInvest Research - 10 Jul 2020