JF Technology surged and tested the RM3.60 resistance level. With its RSI indicator pointing upwards, coupled with higher low candlestick pattern, we think that there could be a technical breakout towards the short-term target price of RM3.76 followed by RM3.92. In this case, the downside support is marked at RM3.44, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM3.60

Target: RM3.76, RM3.92 (time frame: 2-4 weeks)

Exit: RM3.44

Source: AmInvest Research - 30 Sept 2020