MyEG Services surged and tested the RM1.38 resistance level. With its RSI indicator pointing upwards, coupled with a white bullish candle stick 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 RM1.43 and RM1.47. The downside support is anticipated at RM1.29, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM1.38

Target: RM1.43, RM1.47 (time frame: 2-4 weeks)

Exit: RM1.29

Source: AmInvest Research - 5 Oct 2020