JCY International is moving sideways to test the RM0.79 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 RM0.825 and RM0.875. The downside support is anticipated at RM0.72, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.79

Target: RM0.825, RM0.875 (time frame: 2-4 weeks)

Exit: RM0.72

Source: AmInvest Research - 10 Sept 2020