BCM Alliance jumped and touched the RM0.305 resistance level. With its RSI indicator pointing upwards, coupled with a higher high candle stick pattern, there is a good chance it will break out and head towards the shortterm target price of RM0.32, followed by RM0.33. The downside support is marked at RM0.28. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.305

Target: RM0.32, RM0.33 (time frame: 2-4 weeks)

Exit: RM0.28

Source: AmInvest Research - 4 Jan 2021