TSH Resources surged and touched the RM1.09 resistance level with higher trading volume. With its RSI indicator 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 RM1.14, followed by RM1.16. The downside support is marked at RM1.04. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM1.09

Target: RM1.14, RM1.16 (time frame: 2-4 weeks)

Exit: RM1.04

Source: AmInvest Research - 16 Feb 2021