Pos Malaysia is consolidating, touching the RM0.915 resistance level. With its RSI indicator pointing upwards, coupled with a higher low candle stick pattern, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.95, followed by RM0.98. The downside support is marked at RM0.85. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.915

Target: RM0.95, RM0.98 (time frame: 2-4 weeks)

Exit: RM0.85

Source: AmInvest Research - 22 Mar 2021