Tomypak Holdings jumped and touched the RM0.86 resistance level. With its RSI indicator trending upwards, coupled with higher trading volume, there is a good chance it will break out and head towards the short-term target price of RM0.89, followed by RM0.915. The downside support is marked at RM0.83. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.86

Target: RM0.89, RM0.915 (time frame: 2-4 weeks)

Exit: RM0.83

Source: AmInvest Research - 25 Nov 2020