VSTECS consolidated and is poised to hit the RM2.56 resistance level. With its higher low candle stick pattern, coupled with sustainable trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM2.66, followed by RM2.71. The downside support is marked at RM2.44. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM2.56

Target: RM2.66, RM2.71 (time frame: 2-4 weeks)

Exit: RM2.44

Source: AmInvest Research - 20 May 2021