Reservoir Link Energy rose and is poised to touch the RM0.725 resistance level. With its 21-day moving average indicator 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 RM0.755, followed by RM0.785. The downside support is marked at RM0.665. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.725

Target: RM0.755, RM0.785 (time frame: 2-4 weeks)

Exit: RM0.665

Source: AmInvest Research - 2 Apr 2021