G Capital jumped and flirted with the RM0.72 resistance level. With its RSI indicator pointing upwards, coupled with higher trading volume, there is a good chance for a technical breakout, heading towards the short-term target price of RM0.775, followed by RM0.83. The downside support is marked at RM0.66. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.72

Target: RM0.775, RM0.83 (time frame: 2-4 weeks)

Exit: RM0.66

Source: AmInvest Research - 19 Oct 2020