Tomypak Holdings surged and touched the RM0.615 resistance level. With its RSI indicator pointing upwards, coupled with stronger trading volume, we see a good chance of it experiencing a technical breakout and head towards the short-term target price of RM0.65, followed by RM0.67. The downside support is marked at RM0.58. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.615

Target: RM0.65, RM0.67 (time frame: 2-4 weeks)

Exit: RM0.58

Source: AmInvest Research - 31 Mar 2021