Greenyield rose and tested the RM0.345 resistance level with a higher trading volume. 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 RM0.37 and RM0.385. The downside support is projected at RM0.32. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy near RM0.345

Target: RM0.37, RM0.385 (time frame: 2–4 weeks)

Exit: RM0.32

Source: AmInvest Research - 12 Aug 2021