TCS Group Holdings surged and touched the RM0.565 resistance level. With its 21-day moving average pointing upwards, coupled with higher trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.59, followed by RM0.62. The downside support is marked at RM0.51. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.565

Target: RM0.59, RM0.62 (time frame: 2-4 weeks)

Exit: RM0.51

Source: AmInvest Research - 10 Feb 2021