JCY International is consolidating and testing the RM0.765 resistance level. With its RSI indicator pointing upwards, coupled with higher trading volume, there is a good chance for a technical breakout towards the shortterm target price of RM0.80, followed by RM0.82. The downside support is marked at RM0.71. Traders are advised to exit on a breach on a breach to avoid further losses.

Trading Call: Buy near RM0.765

Target: RM0.80, RM0.82 (time frame: 2-4 weeks)

Exit: RM0.71

Source: AmInvest Research - 13 Oct 2020