Bursa Malaysia surged and touched the RM7.65 resistance level. With its 21-day moving average pointing upward, coupled with a higher low candle stick pattern, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM8.05, followed by RM8.20. The downside support is marked at RM7.25. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM7.65

Target: RM8.05, RM8.20 (time frame: 2-4 weeks)

Exit: RM7.25

Source: AmInvest Research - 3 Sept 2021