Pestech International consolidated and tested the RM0.915 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 RM0.96 and RM0.975. The downside support is projected at RM0.855. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy near RM0.915

Target: RM0.96, RM0.975 (time frame: 2-4 weeks)

Exit: RM0.855

Source: AmInvest Research - 2 Jul 2021