Kumpulan Jetson surged and tested the RM0.255 resistance level. With its 21-day moving average 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 RM0.28 and RM0.305. The downside support is projected at RM0.23. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.255

Target: RM0.28, RM0.305 (time frame: 2-4 weeks)

Exit: RM0.23

Source: AmInvest Research - 8 Dec 2020