Pertama Digital consolidated and touched the RM0.53 resistance level. With its RSI indicator moving upward, coupled with higher tradaing volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.555, followed by RM0.575. The downside support is marked at RM0.485. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.53

Target: RM0.555, RM0.575 (time frame: 2-4 weeks)

Exit: RM0.485
 

Source: AmInvest Research - 14 Oct 2021