T7 Global is poised to test the RM0.425 resistance level. With the RSI indicator pointing upwards, we believe that the bullish momentum has kicked in and it may break out soon. If this happens, it will continue to travel towards the short-term target prices of RM0.44 and RM0.47. In this case, the downside support is marked at RM0.395, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.425
Target: RM0.44, RM0.47 (time frame: 2-4 weeks)
Exit: RM0.395

Source: AmInvest Research - 1 Sept 2020