Excel Force MSC surged and touched the RM0.49 resistance level with higher trading volume. 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 RM0.51, followed by RM0.515. The downside support is marked at RM0.47. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy near RM0.49

Target: RM0.51, RM0.515 (time frame: 2–4 weeks)

Exit: RM0.47

Source: AmInvest Research - 12 Apr 2021