Revenue Group surged and tested the RM1.29 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 RM1.35 and RM1.38. The downside support is projected at RM1.23. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM1.29

Target: RM1.35, RM1.38 (time frame: 2-4 weeks)

Exit: RM1.23

Source: AmInvest Research - 23 Nov 2020