Uchi Technologies continued edging up, touching the RM3.22 resistance level. With its 21-day moving average 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 RM3.35, followed by RM3.44. The downside support is marked at RM3.09. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM3.22

Target: RM3.35, RM3.44 (time frame: 2-4 weeks)

Exit: RM3.09
 

Source: AmInvest Research - 21 Jun 2021