Malaysia Building Society surged and tested the RM0.74 resistance level. With its 21-day moving average pointing upwards, coupled with a higher trading volume, we see a possibility for a technical breakout. If this happens, we expect it to move towards short-term target prices of RM0.79 and RM0.84. The downside support is projected at RM0.69. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.74

Target: RM0.79, RM0.84 (time frame: 2-4 weeks)

Exit: RM0.69