Symphony Life may soon move higher to test the RM0.685 resistance level. With its RSI indicator pointing upwards, coupled with higher trading volume, 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 RM0.715 and RM0.745. The downside support is anticipated at RM0.655, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.685
Target: RM0.715, RM0.745 (time frame: 2-4 weeks)
Exit: RM0.655

Source: AmInvest Research - 2 Sept 2020