Vertice jumped and tested the RM0.32 resistance level. With its RSI indicator 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 RM0.34 and RM0.355. The downside support is projected at RM0.29. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy near RM0.32

Target: RM0.34, RM0.355 (time frame: 2-4 weeks)

Exit: RM0.29

Source: AmInvest Research - 18 Jan 2021