Tri-Mode System (M) rose and tested the RM0.53 resistance level. With its higher low candle stick pattern, coupled with higher trading volume, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM0.55 and RM0.58. The downside support is projected at RM0.50. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy near RM0.53

Target: RM0.55, RM0.58 (time frame: 2-4 weeks)

Exit: RM0.50

Source: AmInvest Research - 11 May 2021