Johore Tin rose and tested the RM1.80 resistance level. With its RSI indicator pointing upwards, coupled with sustainable trading volume, we see a possibility for a technical rebound. If this happens, we expect it to move towards the short-term target prices of RM1.86 and RM1.90. The downside support is projected at RM1.72. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on pullback RM1.80

Target: RM1.86, RM1.90 (time frame: 2-4 weeks)

Exit: RM1.72

Source: AmInvest Research - 30 Nov 2020