Tri-Mode System (M) surged and touched the RM0.52 resistance level. With its 21-day moving average trending upwards, coupled with sustainable trading volume, there is a good chance it will break out and head towards the short-term target price of RM0.545, followed by RM0.555. The downside support is marked at RM0.495. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.52

Target: RM0.545, RM0.555 (time frame: 2-4 weeks)

Exit: RM0.495

Source: AmInvest Research - 26 Nov 2020