RGT surged and touched the RM0.41 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 RM0.43, followed by RM0.45. The downside support is marked at RM0.375. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy near RM0.41

Target: RM0.43, RM0.45 (time frame: 2-4 weeks)

Exit: RM0.375
 

Source: AmInvest Research - 20 Sept 2021