Revenue Group consolidated and tested the RM1.93 resistance level. With its RSI indicator in an uptrend, coupled with a 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 RM2.04 and RM2.10. The downside support is projected at RM1.76. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM1.93

Target: RM2.04, RM2.10 (time frame: 2–4 weeks)

Exit: RM1.76

Source: AmInvest Research - 23 Jul 2021