Pos Malaysia surged and touched the RM0.855 resistance level. With its RSI indicator pointing upwards, 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 RM0.885, followed by RM0.915. The downside support is marked at RM0.795. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy near RM0.855

Target: RM0.885, RM0.915 (time frame: 2-4 weeks)

Exit: RM0.795
 

Source: AmInvest Research - 16 Jun 2021