SYF Resources jumped and touched the RM0.41 resistance level. With its RSI indicator pointing upwards, coupled with a higher trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.425, followed by RM0.44. The downside support is marked at RM0.385. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.41

Target: RM0.425, RM0.44 (time frame: 2–4 weeks)

Exit: RM0.385

Source: AmInvest Research - 13 Aug 2021