Ancom climbed and touched the RM1.46 resistance leve With its RSI indicator pointing upwards, coupled wi higher trading volume, there is a good chance that it wou experience a technical rebound and head towards th short-term target price of RM1.52, followed by RM1.5 The downside support is marked at RM1.35. Traders ar advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM1.46

Target: RM1.52, RM1.58 (time frame: 2-4 weeks)

Exit: RM1.35

Source: AmInvest Research - 24 May 2021