TSH Resources is moving higher to test the RM1.04 resistance level with higher trading volume. Given that the RSI indicator is pointing upwards, coupled with a bullish white candlestick pattern, we believe that there could be a technical breakout above the resistance level. If this happens, it may climb towards the short-term target prices of RM1.10 and RM1.16. The downside support is anticipated at RM0.955, whereby traders may exit on a breach to avoid the risk of a further correction. 

Trading Call: Buy on breakout RM1.04
Target: RM1.10, RM1.16 (time frame: 2-4 weeks)
Exit: RM0.955

Source: AmInvest Research - 24 Jul 2020