Revenue Group surged and touched the RM1.37 resistance level. With its RSI indicator in an uptrend, coupled with higher trading volume, there is a good chance it will break out and head towards the short-term target price of RM1.42, followed by RM1.47. The downside support is marked at RM1.27. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM1.37

Target: RM1.42, RM1.47 (time frame: 2-4 weeks)

Exit: RM1.27

Source: AmInvest Research - 20 Jan 2021