TRC Synergy climbed and touched the RM0.39 resistance level. With its 21-day moving average indicator pointing upwards, coupled with a higher low candlestick pattern, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.405, followed by RM0.41. The downside support is marked at RM0.37. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.39

Target: RM0.405, RM0.41 (time frame: 2-4 weeks)

Exit: RM0.37

Source: AmInvest Research - 26 Apr 2021