Eonmetall Group jumped and touched the RM0.63 resistance level. With its 21-day moving average indicator trading upwards, coupled with a higher high candle stick pattern, there is a good chance that it would experience a technical breakout and head towards a short-term target price of RM0.655, followed by RM0.675. The downside support is marked at RM0.59. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.63

Target: RM0.655, RM0.675 (time frame: 2-4 weeks)

Exit: RM0.59

Source: AmInvest Research - 19 Jul 2021