Pertama Digital consolidated and tested the RM0.565 resistance level. With its 21-day moving average in an uptrend, coupled with a higher low candle stick pattern, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM0.585 and RM0.61. The downside support is projected at RM0.52. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy near RM0.565

Target: RM0.585, RM0.61 (time frame: 2–4 weeks)

Exit: RM0.52

Source: AmInvest Research - 12 Jul 2021