Insas surged and tested the RM0.85 resistance level. With its RSI indicator in an uptrend, 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 RM0.88 and RM0.90. The downside support is projected at RM0.80. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy near RM0.85

Target: RM0.88, RM0.90 (time frame: 2-4 weeks)

Exit: RM0.80
 

Source: AmInvest Research - 8 Jun 2021