GD Express Carrier consolidated and is poised to test the RM0.33 resistance level. With its RSI indicator in an uptrend, coupled with a sustainable 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 RM0.345 and RM0.36. The downside support is projected at RM0.30. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.33

Target: RM0.345, RM0.36 (time frame: 2-4 weeks)

Exit: RM0.30
 

Source: AmInvest Research - 30 Aug 2021