Symphony Life surged and touched the RM0.64 resistance level with higher trading volume. With its 21-day moving average indicator pointing upwards, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.67, followed by RM0.69. The downside support is marked at RM0.605. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.64

Target: RM0.67, RM0.69 (time frame: 2-4 weeks)

Exit: RM0.605

Source: AmInvest Research - 9 Mar 2021