TASCO consolidated and touched the RM1.14 resistance level. With its higher high candle stick pattern, coupled with higher trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM1.20, followed by RM1.27. The downside support is marked at RM1.01. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on pullback RM1.14

Target: RM1.20, RM1.27 (time frame: 2-4 weeks)

Exit: RM1.01
 

Source: AmInvest Research - 1 Jun 2021