Titijaya Land surged and tested the RM0.435 resistance level with higher trading volume. With its RSI indicator in an uptrend, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM0.45 and RM0.465. The downside support is projected at RM0.405. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.435

Target: RM0.45, RM0.465 (time frame: 2-4 weeks)

Exit: RM0.405

Source: AmInvest Research - 21 Apr 2021