EG Industries continued its climb, touching the RM0.93 resistance level. With its 21-day moving average pointing upwards, coupled with a higher high candle stick pattern, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.96, followed by RM0.99. The downside support is marked at RM0.87. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy near RM0.93

Target: RM0.96, RM0.99 (time frame: 2-4 weeks)

Exit: RM0.87

Source: AmInvest Research - 9 Feb 2021