TSH Resources consolidated and touched the RM1.15 resistance level. With its 21-day moving average in an uptrend, coupled with higher trading volume, there is a good chance it will break out and head towards the shortterm target price of RM1.20, followed by RM1.25. The downside support is marked at RM1.09. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM1.15

Target: RM1.20, RM1.25 (time frame: 2-4 weeks)

Exit: RM1.09

Source: AmInvest Research - 5 Jan 2021