Notion VTec surged and tested the RM1.23 resistance level. With its RSI indicator pointing upwards, coupled with higher trading volume, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM1.32 and RM1.44. The downside support is projected at RM1.14. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM1.23

Target: RM1.32, RM1.44 (time frame: 2-4 weeks)

Exit: RM1.14

Source: AmInvest Research - 21 Oct 2020