VSTECS surged and touched the RM2.62 resistance level. With its RSI indicator pointing upwards, coupled with a higher low candle stick pattern, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM2.71, followed by RM2.84. The downside support is marked at RM2.40. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy near RM2.62

Target: RM2.71, RM2.84 (time frame: 2-4 weeks)

Exit: RM2.40

Source: AmInvest Research - 30 Jun 2021