JCY International jumped and touched the RM0.665 resistance level. With its 21-day moving average pointing upwards, coupled with a higher low candlestick pattern, we see that there is a possibility it will experience a technical breakout. If this happens, expect it to travel towards the short-term target prices of RM0.700 and RM0.735. The downside support is anticipated at RM0.635, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.665
Target: RM0.700, RM0.735 (time frame: 2-4 weeks)
Exit: RM0.635

Source: AmInvest Research - 19 Aug 2020